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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

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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): Net sales Cost of goods sold Year-end inventory Home Depot 1/28/2018 1/29/2017 $1ee, 904 $94,595 66,548 62,282 12,748 12,549 Lowe 2/2/2018 2/3/2012 $68, 619 $65,817 45,210 42,553 11,393 10,458 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 ratlo" to 2 decimal places. Enter dollar amounts In millions rounded to the nearest whole number.) Gross Profit Ratio Choose Denominator Choose Numerator Geoss Profit Ratio Gross profitrato os HOME DEPOT LOWE'S 096 Inventory umornRatio Choose Denominator Choose Numerator: Inventory Turnover Ratio Inventory turnoverato + Oltres HOME DEPOT LOWES Otimes Average Days in Inventory Choose Denprinator Choose Numerator Average Days in Inventory Average syntety das Oldal HOME DEPOT LOWES Choose Numerator: Choose HOME DEPOT 7 LOWE'S Accounts receivable Cost of goods sold Current assets Inventory Turnov Choose D Current liabilities HOME DEPOT Gross profit LOWE'S EPOT Current assets Current liabilities Gross profit Inventory Cho Net sales DEPOT Year-end inventory 5 Average nave

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