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The table below contains selected financial information included in the 2016 financial statements of Kohl's Corporation and Dillards, Inc., two companies in the department store

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The table below contains selected financial information included in the 2016 financial statements of Kohl's Corporation and Dillards, Inc., two companies in the department store industry. ($ in millions) Kohl's Corp. Dillards, Inc. 2016 2015 2016 2015 Balance sheet: Inventories $4,038 $3,814 $1,375 $1,374 Income statement-2016: $19,204 12,265 $6,755 4,351 Net sales Cost of goods sold Required: . alculate the 2016 gross profit ratio inventory turnover ratio and average day s in inventory or both companies. Evaluate the management of each company s inves ment in inventory

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