Line tonowing information applies to me questions aisplayed below) Wawa Food Markets is a convenience store chain located primarily in the Northeast. The company sells gas, candy bars, drinks, and other grocery-related items. St Jude Medical Incorporated sells medical devices related to cardiovascular needs Suppose a local Wawa Food Market and St. Jude sales office report the following amounts in the same year (company names are disguised) Net sales Cost of goods sold Gross profit Average inventory Company 1 $480,000 252,600 $228,000 $.48,000 Company 2 $480,000 402,800 $ 78,000 $ 38,00 Problem 6-8A Part 1 Required: 1. For Company 1 and Company 2. calculate the inventory turnover ratio. Inventory Turnover Ratio work The Shoe Box is considering adding a new line of winter footwear to its product lineup. When analyzing the viability of this addition, the company should include all of the following in its analysis with the exception of Multiple Choice any expected changes in the sales levels of current products caused by adding the new product line cost of new display counters for the additional winter footwear increased taves from winter footwear profits