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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): 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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