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Check my work 10 Real World Financials The table below contains selected information from recent financial statements of The Home Depot, Inc., and Lowe's Companies,
Check my work 10 Real World Financials The table below contains selected information from recent financial statements of The Home Depot, Inc., and Lowe's Companies, Inc., two companies in the home improvement retail industry ($ in millions) 10 points Home Depot Lowe' s Net sales Cost of goods sold Year-end inventory 1/31/16 2/1/15 1/29/16 1/30/15 $79,432 $75,374 $54,037 $51,141 52,04249,052 31,711 33,334 8,660 Skipped 11,260 10,780 9,187 eBook Hint Print References Industry Averages Gross profit ratio Inventory turnover ratio Average days in inventory 33 % 3.9 times 94 days Required Calculate the gross profit ratio, the inventory turnover ratio, and the average days in inventory for the two companies for their fiscal years ending in 2016. (Use 365 days a year. Round "Inventory turnover ratio" to 2 decimal places. Enter dollar amounts in millions. Round the dollar answer values to the nearest whole dollars.)
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