Required 1 Required 2 Required 3 For Company 1 and Company 2, calculate the gross profit ratio. Gross Profit Ratio Numerator or Denominator Company 1 Company 2 Amounts 0 < Required 1 0 Required 3 > Wawa Food Markets is a convenience store chain located primarily in the Northeast. The company sells gas, candy bars, drinks, and other grocery-related items. St. Jude Medical Incorporated sells medical devices related to cardiovascular needs. Suppose a local Wawa Food Market and St. Jude sales office report the following amounts in the same year (company names are disguised): Net sales Cost of goods sold Company 1 $ 390,000 171,000 $ 219,000 Company 2 $ 390,000 321,000 $ 69,000 Gross profit Average inventory Required: $ 39,000 $ 29,000 1. For Company 1 and Company 2, calculate the inventory turnover ratio. 2. For Company 1 and Company 2, calculate the gross profit ratio. 3. After comparing the inventory turnover ratios and gross profit ratios, which company do you think is Wawa? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 For Company 1 and Company 2, calculate the inventory turnover ratio. Inventory Turnover Ratio Numerator or Denominator Company 1 Company 2 Amounts 0 < Required 1 0 Required 2 > After comparing the inventory turnover ratios and gross profit ratios, which company do you think is Wawa? After comparing the inventory turnover ratios and gross profit ratios, which company do you think is Wawa? < Required 2 Required 3 >