= Homework: HW #6 Refer to the data given. (Click the icon to view the data.) Read the requirements. Question Requirement 1. Compute all ratio values to answer the following questions: Which company has the highest and which company has the lowest gross profit percentage? Which company has the highest and which has the lowest rate of inventory turnover? Let's calculate the gross profit percentage and inventory turnover for each company. (Round the inven not enter the % sign in the gross profit percentage input fields.) Company Erie Gross Profit Percentage Inventory Turnover % Burke Grover % % Richards % Help me solve this Etext pages Get more help - Reference Company Net Sales Beginning Inventory Net Purchases Ending Cost of Goods Gross Inventory sold Profit Erie $ 104,000 $ 17,000 $ 63,000 $ 16,000 $ 64,000 $ 40,000 Burke 137,000 28,000 93,000 27,000 94,000 43,000 Grover 99,000 30,000 56,000 25,000 61,000 38,000 Richards 83,000 13,000 30,000 5,000 38,000 45,000 Requirements 1. Compute all ratio values to answer the following questions: Which company has the highest and which company has the lowest gross profit percentage? Which company has the highest and which has the lowest rate of inventory turnover? 2. Based on your figures, which company appears to be the most profitable? Print Done