Refer to the 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, X.X, 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 Turnover Company Percentage Baker Creegan Liard Scanlon 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 Reference Company Net Sales Beginning Inventory Net Purchases Ending Inventory Cost of Goods sold Gross Profit - X Baker Creegan Liard $ 104,000 $ 20,000 $ 61,000 $ 141,000 34,000 92,000 16,000 $ 32,000 65,000 $ 39,000 94,000 47,000 92,000 31,000 56,000 26,000 61,000 31,000 Scanlon 82,000 7,000 29,000 3,000 33,000 49,000 Print Done