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Analyzing Inventory for Two Retail Grocery Companies Carrefour Group (headquartered in Boulogne-Billancourt, France) and Tesco PLC (headquartered in Welwyn Garden City, UK) compete head-to-head in the grocery space in the UK, Ireland, Central Europe, and North Africa. The following information comes from their 2018 annual reports. Carrefour Group in Tesco PLC in millions millions 2018 2017 2018 2017 Sales 79,800 82,231 60,366 58,713 Cost of sales 60,850 62,311 54,141 53,015 Gross profit 18,950 19,920 6,225 5,698 Inventory 6,442 7,025 2,376 2,416 Total assets 47,378 47,813 44,862 45,853 Required a. Calculate gross profit margin for each year for both companies. Note: Round percentage to one decimal place (for example, enter 6.7% for 6.6555%). Carrefour Group Tesco PLC 2018 2017 2018 2017 Gross profit margin (%) 0% X 0 % X 0 % X 0 % x b. Determine the common-size inventory for each year for both companies. Note: Round percentage to one decimal place (for example, enter 6.7% for 6.6555%). Carrefour Group Tesco PLC 2018 2017 2018 2017 Common-size inventory 0% X 0% X 0% X 0% X C. Compute inventory turnover and days average inventory outstanding for 2018. Note: Do not round until your final answer; round your final answer to one decimal place (for example, enter 6.8 for 6.77555). Tesco PLC Carrefour Group 0x times 0 x times Inventory turnover Average inventory days O x days O x days