Real World Financials The table below contains selected information from recent financial statements of The Home Depot, Inc., and Lowe's Companies, Inc., two companies in the home improvement retail industry ($ in millions) Home Depot 1/31/16 2/1/15 1/29/16 1/30/15 $88,519 $83,176 $59,074 $56,223 58,254 54,787 38,504 36,665 11,809 11,079 Lowe's Net sales Cost of goods sold Year-end inventory 9,458 8,911 Industry Averages: Gross profit ratio Inventory turnover ratio Average days in inventory 33% 3.9 times 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. (Use 365 deys a year. Round "Inventory turnover ratio" to 2 decimal places. Enter dollar amounts in millions. Round the dollar answer values to the nearest whole dollars.) Gross Profit Ratio Gross Profit Ratio Choose Numerator: Choose Denominator: Gross profit ratio % HOME DEPOT % LOWE'S Inventory Turnover Ratio Inventory Turnover Ratio Choose Denominator: Choose Numerator Inventory turnover ratio times HOME DEPOT times LOWE'S Average Days in Inventory Average Days in Inventory Averagehys in inventory days Choose Denominator: Choose Numerator: HOME DEPOT days LOWE'S