Financial information for American Eagle is presented in App endix A at the end the end of the book. Required: 1. Determine the inventory balance as a percentage of total assets for American Eagle and Buckle? 2. Which company has a higher inventory turnover ratio and therefore lower average days in inventory? 3. Which company's operations are more profitable using the gross profit ratio? 4. Considering the companies' ratio of operating expenses (other than cost of goods sold) to net sales, does your answer to Requirement 3 change? Complete this question by entering your answers in the tabs below. Which company's operations are more profitable using the gross profit ratio 3. Which company's operations are more profitable using the gross profit ratio? Considering the companies' ratio of operating expenses (other than cost of goods sold) to net sales, does your answer to Requirement 3 change? Considering the companies' ratio of operating expenses (other than cost of goods sold) to net sales, does your answer to Requirement 3 change? Financial information for American Eagle is presented in App endix A at the end the end of the book. Required: 1. Determine the inventory balance as a percentage of total assets for American Eagle and Buckle? 2. Which company has a higher inventory turnover ratio and therefore lower average days in inventory? 3. Which company's operations are more profitable using the gross profit ratio? 4. Considering the companies' ratio of operating expenses (other than cost of goods sold) to net sales, does your answer to Requirement 3 change? Complete this question by entering your answers in the tabs below. Which company's operations are more profitable using the gross profit ratio 3. Which company's operations are more profitable using the gross profit ratio? Considering the companies' ratio of operating expenses (other than cost of goods sold) to net sales, does your answer to Requirement 3 change? Considering the companies' ratio of operating expenses (other than cost of goods sold) to net sales, does your answer to Requirement 3 change