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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 $102,504 $96,195 68,148 63,882 White 2/2/2018 2/3/2017 $70,219 $66,617 46,810 44,153 12,993 12,058 14,348 14,149 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 Denominator: Gross Profit Ratio Choose Numerator: Gross profit ratio Green White 0 % 0 % Inventory Turnover Ratio Choose Denominator: = Choose Numerator: Inventory Turnover Ratio Inventory turnover ratio times 0 times Green Required: Calculate the gross profit ratio, the inventory turnover ratio, and the average days in inventory for the two companies for the years ending in 2018. (Use 365 days a year. Round "Inventory turnover ratio" to 2 decimal places. Enter dollar amounts in rounded to the nearest whole number.) Choose Numerator: Gross Profit Ratio 1 Choose Denominator: = Gross Profit Ratio Gross profit ratio Green White | 0 % 0 % Choose Numerator: Inventory Turnover Ratio Choose Denominator: = = Inventory Turnover Ratio Inventory turnover ratio 0 times 0 times Green 5 I = White = Average Days in Inventory Choose Denominator: Choose Numerator: = Average Days in Inventory Average days in inventory 0 days 0 days Green White

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