Refer to the data in Exercise.

Compute all ratio values to answer the following questions:
Which company has the highest, and which company has the lowest, gross profit percentage? Which company has the highest, and the lowest rate of inventory turnover? Based on your figures, which company appears to be the mostprofitable?

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Cost of Goods Sold Ending Net Sales Inventory Purchases Inventory $18,000 28,000 Beginning Net Gross Profit Company Crane Foster Allen Matthews $105,000 138,000 $19,000 27,000 $65,000 (d 45,000 21,000 60,000 32,000 56,000 30,000 84,000 11,000 (g) 36,000