Question: Question 11 - HW - CH 8 - Connect https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconne.. A @ to G 18 1 Saved Help Exercise 8-25 (Algo) Ratio analysis; Home Depot

Question 11 - HW - CH 8 - Connect https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconne.. A" @ to G 18 1 Saved Help Exercise 8-25 (Algo) Ratio analysis; Home Depot and Lowe's [LO8-7] Real World Financials The table below contains selected information from recent financial statements of Green and White, two companies in the home 2:33:36 improvement retail industry ($ in millions): Green White 1/28/2018 1/29/2017 2/2/2018 2/3/2017 Book Net sales $102, 704 $96, 395 $70, 419 $66, 817 Cost of goods sold 68, 348 64, 082 47, 010 44, 353 Hint Year-end inventory 14, 548 14, 349 13, 193 12, 258 ferences 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 2018. (Use 365 days a year. Round "Inventory turnover ratio" to 2 decimal places. Enter dollar amounts in millions rounded to the nearest whole number.) Gross Profit Ratio Choose Numerator: Choose Denominator: E Gross Profit Ratio = Gross profit ratio % Green = % White Inventory Turnover Ratio Mc Graw Hill ~ ENG

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