Refer to the data given.

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?

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 to the nearest tenth percent, X.X%. Do not enter the % sign in the gross profit percentage input fields.) Gross Profit Inventory Company Percentage Turnover Sutherland % Crossen % Williams % Scott % - X Reference Gross Profit Company Beginning Net Ending Cost of Goods Net Sales Inventory Purchases Inventory sold S 100,000 $ 20,000 $ 59,000 $ 16,000 $ 63,000 $ Sutherland 37,000 Crossen 28,000 90,000 45,000 73,000 52,000 125,000 96,000 52,000 36,000 Williams Scott 28,000 7,000 20,000 3,000 60,000 33,000 88,000 29,000 55,000 Print Done Enter any number in the edit fields and then click Check