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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 $101,404 $95,095 67,048 62,782 13,248 13,049 White 2/2/2018 2/3/2017 $69,119 $65,517 45,710 43,053 11,893 10,958 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 7 Choose Denominator: / 1 / 1 Gross Profit Ratio Gross profit ratio Green White % % = Choose Numerator: Inventory Turnover Ratio 1 Choose Denominator: / Inventory Turnover Ratio Inventory turnover ratio Green / times White 1 times Average Days in Inventory 1 Choose Denominator: Choose Numerator: = Average Days in Inventory Average days in inventory days days 1 Green White /

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