Check my work 8 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 1/31/16 2/1/15 1/29/16 1/3e/15 Lowe 's Net sales Cost of goods sold Year-end inventory 982 $76,924 $55,587 $52,691 53,592 49,482 27,184 33,684 12,81 12,3589,3378,81 eBook Hint Print References Industry Averages: Gross profit ratico 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.) 10 points eBook Choose Numerator: Choose Denominator: Gross Profit Ratio Hint Gross profit ratio HOME DEPOT Print LOWE'S Inventory Turnover Ratio Choose Numerator: Choose Denominator: Inventory Turnover Ratio Inventory turnover ratio HOME DEPOT LOWE'S Average Days in Inventory Choose Numerator: Choose Denominator: Average Days in Inventory Average days in inventory HOME DEPOT LOWE'S