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Real World Financials The table below contains selected information from recent financial statements of Green and White, two companies in the home improvement retail industry

Real World Financials The table below contains selected information from recent financial statements of Green and White, two companies in the home improvement retail industry ($ in millions):

Green White
1/28/2018 1/29/2017 2/2/2018 2/3/2017
Net sales $ 102,404 $ 96,095 $ 70,119 $ 66,517
Cost of goods sold 68,048 63,782 46,710 44,053
Year-end inventory 14,248 14,049 12,893 11,958

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 2018. (Use 365 days a year. Round "Inventory turnover ratio" to 2 decimal places. Enter dollar amounts in millions rounded to the nearest whole number.)

Answer is not complete.

Gross Profit Ratio
Choose Numerator: / Choose Denominator: = Gross Profit Ratio
Gross profitselected answer correct / Net salesselected answer correct = Gross profit ratio
Green 34,356selected answer correct / not attempted = 0 %
White 33,384selected answer incorrect / not attempted = 0 %
Inventory Turnover Ratio
Choose Numerator: / Choose Denominator: = Inventory Turnover Ratio
Cost of goods soldselected answer correct / Average inventoryselected answer correct = Inventory turnover ratio
Green not attempted / not attempted = 0 times
White not attempted / not attempted = 0 times
Average Days in Inventory
Choose Numerator: / Choose Denominator: = Average Days in Inventory
Total number of daysselected answer correct Inventory turnover ratioselected answer correct Average days in inventory
Green not attempted / not attempted = 0 days
White not attempted / not attempted = 0 days

Please explain. I greatly appreciate you :)

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