Refer to the data in E6-31B. Compute all ratio values to answer the following questions:

In E6-31B, Supply the missing amounts for each of the following companies:

1. Which company has the highest, and which company has the lowest, gross profit percentage?
2. Which company has the highest, and which has the lowest, rate of inventory turnover? Based on your figures, which company appears to be the mostprofitable?

Cost of Beginning Inventory Net Purchascs Ending odsGross Profit Company Nct Salcs Inventorv S240,000 $41,000 120,000 $39,000 20,000 Epperson Griffith Norsc Victory 137,000 28,000 (d) 41,000 21,000 60,000 37,000 55,000 33,000 80,000 10,000 (g) 35,000