Required information (The following information applies to the questions displayed below) 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: Company 1 600.000 Company 2 500,000 Net sales Cost of goods sold Gross profit Average inventory $220.000 $20.000 $ 30.000 Required: 1. For Company 1 and Company 2, calculate the inventory turnover ratio Company Carany