CP7-3 (Static) Comparing Companies within an Industry LO7-5 Refer to the financial statements of American Eagle Outfitters (Appendix B) and Express, Inc. (Appendix C) and the Industry Ratio Report (Appendix D) Required: 1-a. Calculate the inventory turnover ratio for each company. (Round your answers to 2 decimal places.) 2-a. Calculate the industry average for inventory turnover. (Round your answer to 2 decimal places.) 2-b. Are these two companies doing better or worse than the industry average in turning over their inventory? 1a. American Eagle Outfitters Express, Inc. 2a. Inventory Turnover 2b. Are these two companies doing better or worse? American Eagle Outfitters Express, Inc. Inventory Turnover Industry Average Better