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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): Net sales Cost of goods sold Year-end inventory Green 1/28/2018 1/29/2017 $102,804 $ 96,495 68,448 64,182 14,648 14,449 White 2/2/2018 2/3/2017 $70,519 $66,917 47,110 44,453 13, 293 12,358 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.) Gross Profit Ratio Choose Numerator: 1 Choose Denominator: Gross Profit Ratio 1 = Gross profit ratio Green / 0 % White / = 0 % Inventory Turnover Ratio Choose Numerator: 1 Choose Denominator: = Inventory Turnover Ratio / = Inventory turnover ratio Green / 0 times 0 times White 1 Average Days in Inventory Choose Numerator: Choose Denominator: = Average Days in Inventory Average days in inventory 0 days 0 days Green 1 White /
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