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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

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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): Green White Net sales Cost of goods sold Year-end inventory 1/28/2018 $101,604 67, 248 13, 448 1/29/2017 $95, 295 62, 982 13, 249 2/2/2018 $69, 319 45, 910 12, 093 2/3/2017 $65, 717 43,253 11, 158 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.) Green White Green White Green White Choose Numerator: 1 Gross Profit Ratio Choose Denominator: = Gross Profit Ratio Gross profit ratio = 0% = 0% Inventory Turnover Ratio Choose Numerator: Choose Denominator: = Inventory Turnover Ratio = Inventory turnover ratio = 0 times = 0 times Average Days in Inventory Choose Numerator: Choose Denominator: = Average Days in Inventory = = Average days in inventory 0 days 0 days

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