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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 $101,104 $94,795 66,748 62,482 12,948 12,749 White 272/2018 2/3/2017 $68,819 $65,217 45,410 42,753 11,593 10,658 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.) Gross Profit Ratio Choose Denominator: Choose Numerator: Gross Profit Ratio Gross profit ratio 1 Green White 0 % 0 % 1 Inventory Turnover Ratio Choose Denominator: Choose Numerator: Green White # . Inventory Turnover Ratio Inventory turnover ratio O times O 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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