Question: Exercise 8 - 2 5 ( Static ) Ratio analysis; Home Depot and Lowe's [ LO 8 - 7 ] The table below contains selected
Exercise Static Ratio analysis; Home Depot and Lowe's LO
The table below contains selected information from recent financial statements of The Home Depot, Incorporated, and Lowe's
Companies, Incorporated, two companies in the home improvement retail industry $ in millions:
Required:
Calculate the gross profit ratio, the inventory turnover ratio, and the average days in inventory for the two companies for their fiscal
years ending in
Note: Use days a year. Enter dollar amounts in millions rounded to the nearest whole number.
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