Refer to the data given. (Click the icon to view the data.) Read the requirements. Requirement 1. Compute all ratio values to answer the following questions: Which company has the highest and which company has the lowest gross profit percentage? Which company has the highest and which has the lowest rate of inventory turnover? Let's calculate the gross profit percentage and inventory turnover for each company. (Round the inventory turnover rates to one decimal place, XX, and the gross profit percentage input fields.) Gross Profit Inventory Turnover Company Percentage Sutherland Crossen Williams Scott % % % % tions: st gross inventor each com Reference Company Sutherland Crossen Williams Scott Net Sales. 100,000 $ 125,000 96,000 88,000 Beginning Inventory Net Purchases 20,000 $ 28,000 28,000 7,000 Print Ending Inventory 59,000 $ 90,000 52,000 29,000 Done Cost of Goods sold 16,000 $ 45,000 20,000 3,000 63,000 $ 73,000 60,000 33,000 Gross Profit - X 37,000 52,000 36,000 55,000 ht, XX%. ues we of i or e - X - Requirements 1. Compute all ratio values to answer the following questions: . Which company has the highest and which company has the lowest gross profit percentage? . Which company has the highest and which has the lowest rate of inventory turnover? 2. Based on your figures, which company appears to be the most profitable? Print Done