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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
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 1/28/2018 1/29/2017 $102,904 $ 96,595 68,548 6 4, 282 14,748 14,549 Net sales Cost of goods sold Year-end inventory White 2/2/2018 2/3/2017 $ 70,619 $67,017 47,210 44,553 13,393 12,458 202 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: Choose Numerator: Gross Profit Ratio Gross profit ratio Green White 0 % 0 % Inventory Turnover Ratio Choose Denominator: Choose Numerator: = Inventory Turnover Ratio Inventory turnover ratio O times 0 times Green White Average Days in Inventory Choose Denominator: Choose Numerator: - Average Days in Inventory Average days in inventory o days 0 days Green White
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