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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): White Green 2/3/2017 1/29/2017 1/28/2018 2/2/2018 $94,995 62,682 12,949 $101,304 $69,019 $65,417 Net sales Cost of goods sold Year-end inventory 66,948 45,610 42,953 13,148 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 million rounded to the nearest whole number.) Gross Profit Ratio Gross Profit Ratio Choose Numerator: Choose Denominator: Gross profit ratio Green White Inventory Turnover Ratio Choose Numerator: Choose Denominator: Inventory Turnover Ratio / Inventory turnover ratio 0 times Green 0 times White Average Days in Inventory Choose Numerator: Choose Denominator: Average Days in Inventory Average days in inventory Green O days 0 days White =

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