European car makers, Volkswagen Group (headquartered in Wolfsburg, Germany) and Daimler AG (headquartered in Stuttgart, Germany) report the following information.

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(Euros in millions) 2011. 2012 Sales 159,337 192,676 Volkswagen Cost of Goods Sold 131,371 157,518 Inventories 27,551 28,674 Sales 106,540 114,297 Daimler Cost of Goods Sold 81,023 88,784 Inventories 17,081 17,720 Required a. Compute the 2012 inventory turnover and the 2012 gross profit margin (in %) for each of these two companies. b. Discuss any difference in inventory turnover and gross profit margin between these two companies. Does the difference confirm expectations given their respective business models? Explain. c. How could the companies improve inventory turnover?