Evaluating Grocery Stores Using Efficiency Ratios Below are data for three publicly traded grocery stores that range in size from local (Village Super Markets) to regional (Publix) to national (Kroger). Use the ratios below to answer the requirements. Assume that the companies sell roughly the same mix of products and face about the same inventory costs. Fiscal 2018 Gross profit margin % Number of stores at year-end Sales ($ per square foot) Sales per store ($ millions) Average store size (thousand square feet) COGS (per square foot) Days inventory outstanding Required Publix Kroger Village Super Market 28.796 21.096 26.496 1,175 2,681 29 $620 $657 $1,130 $29 $43 $52 47 65 46 $437 $514 $823 25.7 24.9 12.2 a. On average, which company has the freshest food? b. Which company is least efficient with its space? C. Which company has the lowest prices? d. Which company is busiest? e. Which company has the smallest stores? Evaluating Grocery Stores Using Efficiency Ratios Below are data for three publicly traded grocery stores that range in size from local (Village Super Markets) to regional (Publix) to national (Kroger). Use the ratios below to answer the requirements. Assume that the companies sell roughly the same mix of products and face about the same inventory costs. Fiscal 2018 Gross profit margin % Number of stores at year-end Sales ($ per square foot) Sales per store ($ millions) Average store size (thousand square feet) COGS (per square foot) Days inventory outstanding Required Publix Kroger Village Super Market 28.796 21.096 26.496 1,175 2,681 29 $620 $657 $1,130 $29 $43 $52 47 65 46 $437 $514 $823 25.7 24.9 12.2 a. On average, which company has the freshest food? b. Which company is least efficient with its space? C. Which company has the lowest prices? d. Which company is busiest? e. Which company has the smallest stores