($ in millions)
	Kohls Corp.		Dillards, Inc.
	2016	2015	2016	2015
Balance sheet:
Inventories	$ 4,038	$3,814	$1,375	$1,374
Income statement2016:
Net sales	$19,204		$6,755
Cost of goods sold	12,265		4,351

Required:

1. Calculate the 2016 gross profit ratio, inventory turnover ratio, and average days in inventory for both companies. Evaluate the management of each companys investment in inventory.
2. Obtain annual reports from three corporations in an industry other than department stores and compare the management of each companys investment in inventory.

1. Using the schedule below, enter the numerator and denominator of each of the six ratios to be calculated. Enter the numerator and denominator in yellow highlighted areas. You must show the numerator and denominator to earn the points.
2. Calculate the ratio and enter under the store name. Enter the ratios in the green cells. Consider using Excel formulas to calculate the ratios.