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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

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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 ($ in millions): Net sales Cost of goods sold Year-end inventory Green 1/28/2018 1/29/2017 $101,004 $94, 695 66,648 62,382 12,848 12,649 White 2/2/2018 2/3/2017 $68,719 $65, 117 45, 310 42,653 11,493 10,558 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.) Choose Numerator: : Gross Profit Ratio Gross Profit Ratio 1 Choose Denominator: 1 1 1 Gross profit ratio Green = % White = % Choose Numerator: Inventory Turnover Ratio 1 Choose Denominator: 1 1 1 Inventory Turnover Ratio Inventory turnover ratio = = times Green White = times Average Days in Inventory 1 Choose Denominator: Choose Numerator: Average Days in Inventory Average days in inventory / = Green White days days 1

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