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Having a hard time computing the ratios with the given information. Please help, thank you. following information is available for MVF 3. The Company (dollar

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Having a hard time computing the ratios with the given information. Please help, thank you.

following information is available for MVF 3. The Company (dollar amounts are in millions): 2016 2015 $21.7 16.8 Net sales Cost of goods sold Beginning finished goods inventory Ending finished goods inventory Materials purchased $23.2 2014 $19.6 15.2 2013 $17.4 13.5 1.5 17.1 2.3 2.1 1.9 2.9 2.3 2.1 1.9 10.6 8.8 7.5 7.1 a. Calculate the following ratios for each year: Gross profit percentage. Inventory turnover Cost of materials purchased to cost of finished goods produced. b. Analyze the results obtained in 3.a. above: Describe the change in each ratio you observe in 2016. Discuss at least two possible causes of each change observed

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