solve both parts please

Problem 6-8A Use the inventory turnover ratio and gross profit ratio to analyze companies (L06-7) [The following information applies to the questions displayed below) Wawa Food Markets is a convenience store chain located primarily in the Northeast. The company sells gas, candy bars, drinks, and other grocery-related items. St. Jude Medical Incorporated sells medical devices related to cardiovascular needs. Suppose a local Wawa Food Market and St. Jude sales office report the following amounts in the same year (company names are disguised): Company 1 Company 2 Net sales $360,000 $360,000 Cost of goods sold 144,000 294,000 Gross profit $216,000 $ 66,000 Average inventory $ 36,000 $ 26,000 Problem 6-8A Part 1 Required: 1. For Company 1 and Company 2, calculate the inventory turnover ratio, Inventory Turnover Ratio Company 1 Company 2 Required information Problem 6-8A Use the inventory turnover ratio and gross profit ratio to analyze companies (LO6-7) The following information applies to the questions displayed below.) Wawa Food Markets is a convenience store chain located primarily in the Northeast. The company sells gas, candy bars, drinks, and other grocery-related items. St. Jude Medical Incorporated sells medical devices related to cardiovascular needs. Suppose a local Wawa Food Market and St. Jude sales office report the following amounts in the same year (company names are disguised); Net sales Cost of goods sold Gross profit Average inventory Company 1 $360,000 144,000 $216,000 $ 36,000 Company 2 $360,000 294,000 $ 66,000 $ 26,000 Problem 6-8A Part 2 2. For Company 1 and Company 2, calculate the gross profit ratio. Gross Profit Ratio Company 1 Company 2