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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

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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 retall industry (\$ in millions): 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. \begin{tabular}{|c|c|c|c|c|c|c|} \hline \multicolumn{7}{|c|}{ Gross Profit Ratio } \\ \hline & Choose Numerator: & + & Choose Denominator: & = & Gross Profit Ratio & \\ \hline & & + & & = & Gross profit ratio & \\ \hline Home Depot & & + & & = & & 0% \\ \hline Lowe's & & + & & = & & % \\ \hline \multicolumn{7}{|c|}{ Inventory Turnover Ratio } \\ \hline & Choose Numerator: & & Choose Denominator: & = & Inventory Turnover Ratio & \\ \hline & & + & & = & Inventory turnover ratio & \\ \hline Home Depot & & + & & = & 0 & times \\ \hline Lowe's & & & & = & & times \\ \hline \multicolumn{7}{|c|}{ Average Days in Inventory } \\ \hline & Choose Numerator: & & Choose Denominator: & = & Average Days in Inventory & \\ \hline & & + & & = & Average days in inventory & \\ \hline Home Depot & & & & = & & days \\ \hline Lowe's & & & & = & 0 & days \\ \hline \end{tabular}

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