Refer to the data given. (Click the icon to view the data.) Read the requirements. Requirement 1. Compute all ratio values to answer the following questions: Which company has the highest and which company has the lowest gross profit percentage? Which company has the highest and which has the lowest rate of inventory turnover? Let's calculate the gross profit percentage and inventory turnover for each company. (Round the inventory turnover rates to one decimal place, X.X, and the gross profit percentage to the nearest tenth percent, X.X%.) Gross Profit Percentage Inventory Turnover Company - X Reference Crane % Adams % Franklin % Victor % Company Crane - X Beginning Net Ending Cost of Gross Net Sales Inventory Purchases Inventory Goods sold Profit $ 107,000 $ 18,000 $ 58,000 $ 16,000 $ 60,000 $ 47,000 141,000 34,000 92,000 31,000 95,000 46,000 94,000 37,000 56,000 26,000 67,000 27,000 84,000 12,000 26,000 5,000 33,000 51,000 Requirements Adams Franklin Victor Print Done 1. Compute all ratio values to answer the following questions: Which company has the highest and which company has the lowest gross profit percentage? Which company has the highest and which has the lowest rate of inventory turnover? 2. Based on your figures, which company appears to be the most profitable? Print Done