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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 14,348 14,149 White 2/2/2018 2/3/2017 $70,219 $66,617 46,810 44,153 12,993 12,658 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 / 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 O times Green White / / 0 times 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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