Seved Real World Financials The table below contains selected information from recent financial statements of The Home Depot, Inc, and Lowe's Companies, Inc two companies in the home improvement retail industry ($ in millions) Home Depot 1/31/16 $79,122 $75,064 $53,727 $50,831 51,732 10,940 Lowe's 2/1/15 1/29/16 1/30/15 Net sales Cost of goods sold Year-end inventory 48,982 10,500 29,934 9,157 33, 264 8,638 Industry Averages Gross profit ratio Inventory turnover ratio Average days in inventory 33 % 3.9 times 94 days Required: Calculate the gross profit ratio, the inventory turnover ratio, and the everage days in inventory for the two companies years ending in 2016. (Use 365 deys a year. Round "Inventory turnover ratio" to 2 decimal places. Enter dollar amounts in millions. Round the dollar answer values to the nearest whole dollars.) their fiscal Gross Profit Ratio Gross Profit Ratio Choose Denominator: Choose Numerator: Gross profit ratio HOME DEPOT LOWE'S Inventory Turnover Ratio Next > Prev 12 of 15