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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 $101,904 $95,595 67,548 63,282 13,748 13,549 White 2/2/2018 2/3/2017 $69,619 $66,017 46,210 43,553 12,393 11,458 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 ratio" to 2 decimal places. Enter dollar amounts in millions rounded to the nearest whole number.) Choose Numerator: Gross profit Gross Profit Ratio Choose Denominator: 1 Net sales 1 Gross Profit Ratio Gross profit ratio Green White 0 % 0 % 1 Choose Numerator: Inventory Tumover Ratio Choose Denominator: 1 Inventory Turnover Ratio Inventory tumover ratio o times 1 Green White 0 times Average Days in Inventory Choose Denominator: Chooso Numerator: Average Days in Inventory 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 Gross Profit Ratio Choose Denominator: 1 Net sales / Gross Profit Ratio Gross profit ratio Green White 0 % 0 % Choose Numerator: Inventory Turnover Ratio 1 Choose Denominator: 1 Inventory Turnover Ratio Inventory turnover ratio 1 Oltimes Green White 1 0 times Average Days in Inventory Choose Denominator: Choose Numerator: Average Days In Inventory Average days in Inventory 0 days 0 days 1 Green White 1 =

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