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Part 1 and 2 of the same problem, not separate problems Required Information Part 1 of 2 [The following information applies to the questions displayed

Part 1 and 2 of the same problem, not separate problemsimage text in transcribedimage text in transcribed

Required Information Part 1 of 2 [The following information applies to the questions displayed 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): points Company 1 $423,88 198,00 $222,690 Net sales Cost of goods sold Gross profit Average inventory Company 2 $420.eae 348, ce $ 72,620 eBook $ 42,089 $ 32.ee Print References Required: 1. For Company 1 and Company 2. calculate the inventory turnover ratio. Inventory Turnover Ratio Company 1 Company 2 Required Information Part 2 of 2 [The following information applies to the questions displayed 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): points Company 1 $420,000 198,080 $ 222,00 Net sales Cost of goods sold Gross profit Average inventory Company 2 $429.999 348,000 $ 72,690 eBook $ 42.ee $32.ee Print References 2. For Company 1 and Company 2. calculate the gross profit ratio. Gross Profit Ratio Company 1 Company 2

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