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The table below contains selected information from recent financial statements of The Home Depot, Incorporated, and Lowe's Companies, Incorporated, two companies in the home improvement

The table below contains selected information from recent financial statements of The Home Depot, Incorporated, and Lowe's Companies, Incorporated, two companies in the home improvement retail industry ($ in millions): Home Depot Lowe's 2/2/2020 Net sales Cost of goods sold Year-end inventory $ 110,225 72,653 14,531 2/3/2019 $ 108,203 71,043 13,925 1/31/2020 $ 72,148 49,205 13,179 2/1/2019 $ 71,309 48,401 12,561 Required: Calculate the gross profit ratio, the inventory turnover ratio, and the average days in inventory for the two companies for their fiscal years ending in 2020. Note: Use 365 days a year. Enter dollar amounts in millions rounded to the nearest whole number. Required: Calculate the gross profit ratio, the inventory turnover ratio, and the average days in inventory for the two companies for their fiscal years ending in 2020. Note: Use 365 days a year. Enter dollar amounts in millions rounded to the nearest whole number. Home Depot Lowe's Home Depot Lowe's Home Depot Lowe's Choose Numerator: Choose Numerator: L Gross Profit Ratio Choose Denominator: = Gross Profit Ratio = Gross profit ratio = 0% 0% Inventory Turnover Ratio Choose Denominator: =1 Inventory Turnover Ratio Inventory turnover ratio 0 times 0 times Average Days in Inventory Choose Numerator: Choose Denominator: Average Days in Inventory Average days in inventory 0 days 0 days

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