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The table below contains selected financial information from recent financial statements of KBI Toys and Little Tikes Adventure Toys, Inc., two toy manufacturing companies ($

The table below contains selected financial information from recent financial statements of KBI Toys and Little Tikes Adventure Toys, Inc., two toy manufacturing companies ($ in thousands):

KBI Toys Little Tikes
12/31/2021 12/31/2020 12/31/2021 12/31/2020
Net sales $ 81,822 $ 73,320 $ 64,680 $ 70,100
Cost of goods sold 59,000 54,400 41,000 46,925
Year-end inventory 8,000 7,500 6,400 6,900

Required: Calculate the 2021 gross profit ratio, inventory turnover ratio, and the average days in inventory for the two companies.

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