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Problem 6-8A (Algo) Use the inventory turnover ratio and gross profit ratio to analyze companies (LO67) Wawa Food Markets is a convenience store chain located primarily in the Northeast. The company sells gas, candy bars, drinks, and other grocery-related items. St. Jude Mdical incorporated sells medical devices related to cardiovascular needs. Suppose a local Wawa Food Market and St. Jude sales office report the following amounts in the same year (company names are disguised): Required: 1. For Company 1 and Company 2, calculate the inventory turnover ratio. 2. For Company 1 and Company 2, calculate the gross profit ratio. 3. After comparing the inventory turnover ratios and gross profit ratios, which company do you think is Wawa? Complete this question by entering your answers in the tabs below. For Company 1 and Company 2 , calculate the inventory turnover ratio. Problem 6-8A (Algo) Use the inventory turnover ratio and gross profit ratio to analyze companies (LO67) Wawa Food Markets is a convenience store chain located primarily in the Northeast. The company sells gas, candy bars, drinks, and other grocery-related items. St. Jude Mdical incorporated sells medical devices related to cardiovascular needs. Suppose a local Wawa Food Market and St. Jude sales office report the following amounts in the same year (company names are disguised): Required: 1. For Company 1 and Company 2, calculate the inventory turnover ratio. 2. For Company 1 and Company 2 , calculate the gross profit ratio. 3. After comparing the inventory turnover ratios and gross profit ratios, which company do you think is Wawa? Complete this question by entering your answers in the tabs below. For Company 1 and Company 2 , calculate the gross profit ratio. Problem 6-8A (Algo) Use the inventory turnover ratio and gross profit ratio to analyze companies (LO67) Wawa Food Markets is a convenience store chain located primarily in the Northeast. The company sells gas, candy bars, drinks, and other grocery-related items. St. Jude Mdical incorporated sells medical devices related to cardiovascular needs. Suppose a local Wawa Food Market and St. Jude sales office report the following amounts in the same year (company names are disguised): Required: 1. For Company 1 and Company 2 , calculate the inventory turnover ratio. 2. For Company 1 and Company 2, calculate the gross profit ratio. 3. After comparing the inventory turnover ratios and gross profit ratios, which company do you think is Wawa? Complete this question by entering your answers in the tabs below. After comparing the inventory turnover ratios and gross profit ratios, which company do you think is Wawa? Afier comparing the invenfory tumever ratios and gross profi natios, which company do you think is Wawa