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%.)

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%.) Gross Profit Percentage Inventory Turnover Company Reference x Dunn % 4 38.8 32.6 Lawson % Liard 32.3 % Gross Victor 64 % Company Dunn Beginning Net Ending Cost of Goods Net Sales Inventory Purchases Inventory sold Profit $ 103,000 $ 18,000 $ 61,000 $ 16,000 $ 63,000 $ 40,000 141,000 33,000 90,000 28.000 95,000 46,000 96,000 34,000 54,000 23,000 65,000 31,000 Lawson Requirements Liard Print Done 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? 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%.) Gross Profit Percentage Inventory Turnover Company Reference x Dunn % 4 38.8 32.6 Lawson % Liard 32.3 % Gross Victor 64 % Company Dunn Beginning Net Ending Cost of Goods Net Sales Inventory Purchases Inventory sold Profit $ 103,000 $ 18,000 $ 61,000 $ 16,000 $ 63,000 $ 40,000 141,000 33,000 90,000 28.000 95,000 46,000 96,000 34,000 54,000 23,000 65,000 31,000 Lawson Requirements Liard Print Done 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