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Home Depot Home Depot Lowe's Lowe's 1/31/16 2/1/15 1/29/16 1/30/15 Net Sales $88,519 $83,176 $59,074 $56,223 Cost of Goods Sold $58,254 $54,787 $38,504 $36,665 Year-end

Home Depot Home Depot Lowe's Lowe's
1/31/16 2/1/15 1/29/16 1/30/15
Net Sales $88,519 $83,176 $59,074 $56,223
Cost of Goods Sold $58,254 $54,787 $38,504 $36,665
Year-end Inventory $11,809 $11,079 $9,458 $8,911

The table above contains selected information from recent financial statements of The Home Depot, Inc., and Lowes Companies, Inc., two companies in the home improvement retail industry ($ in millions).

Industry Averages:

Gross Profit Ratio 33%
Inventory Turnover Ratio 3.9 times
Average Days in Inventory 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.

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