Question: data given. (Click the icon to view the data.) Read the requirements. Requirement 1. Compute all ratio values to answer the following questions: Which company

data given. (Click the icon to view the data.) Read the requirements. Requirement 1. 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 which has the lowest rate of inventory turnover? Let's calculate the gross profit percentage and inventory turnover for each company. (Round the inventory turnover rates to one decimal place, X.X, and the gross profi percentage to the nearest tenth percent, X.X%. Do not enter the % sign in the gross profit percentage input fields.) Company Gross Profit Percentage Gerald Burke Jefferson Inventory Turnover % % % % Victor Which company has the highest and which company has the lowest gross profit percentage? has the highest gross profit percentage. has the lowest gross profit percentage. Refer to the data given. (Click the icon to view the data.) Read the requirements. Burke Jefferson Victor % % % Which company has the highest and which company has the lowest gross profit percentage? has the highest gross profit percentage. has the lowest gross profit percentage. Which company has the highest and which has the lowest rate of inventory turnover? has the highest rate of inventory turnover. has the lowest rate of inventory turnover. Requirement 2. Based on your figures, which company appears to be the most profitable? This ratio data suggests that is the most profitable company. Reference Beginning Company Net Sales Inventory Net Purchases Ending Cost of Goods Gross Inventory sold Profit Gerald $ 102,000 $ 17,000 $ 62,000 $ 16,000 $ 63,000 $ 39,000 Burke 134,000 32,000 96,000 38,000 90,000 44,000 Jefferson 90,000 34,000 56,000 24,000 66,000 24,000 Victor 87,000 12,000 29,000 7,000 34,000 53,000 Print Done - X the Requirements xe erso For ch co ich co 1. 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 which has the lowest rate of inventory turnover? 2. Based on your figures, which company appears to be the most profitable? Print Done

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