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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 White
1/28/2018 1/29/2017 2/2/2018 2/3/2017
Net sales $ 101,304 $ 94,995 $ 69,019 $ 65,417
Cost of goods sold 66,948 62,682 45,610 42,953
Year-end inventory 13,148 12,949 11,793 10,858

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 Numerator: / Choose Denomnator = Gross profit ratio

Green

White

Inventory Turnover Ratio

Green

White

Average days in inventory

green

white

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