Question: Exercise 8 - 2 5 ( Static ) Ratio analysis; Home Depot and Lowe's [ LO 8 - 7 ] The table below contains selected

Exercise 8-25(Static) Ratio analysis; Home Depot and Lowe's [LO8-7]
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 2020.
Note: Use 365 days a year. Enter dollar amounts in millions rounded to the nearest whole number.
 Exercise 8-25(Static) Ratio analysis; Home Depot and Lowe's [LO8-7] The table

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