Question: The table below contains selected information from recent financial statements of The Tool Station, Incorporated, and Howard's Companies, Incorporated, two companies in the home

The table below contains selected information from recent financial statements of The Tool Station, Incorporated, and Howard's Companies, Incorporated, two companies in the home improvement retail industry ($ in millions) Net sales Cost of goods sold Year-end inventory Required: Tool Station 1/28/2020 $101,404 67,048 13,248 1/29/2019 Howard's $ 95,095 62,782 13,049 2/2/2020 $ 69,119 45,710 11,893 2/3/2019 $ 65,517 43,053 10,958 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 2020. Note: Use 365 days a year. Round "Inventory turnover ratio" to 2 decimal places. Enter dollar amounts in millions rounded to the nearest whole number. Tool Station Howard's Gross Profit Ratio Choose Numerator: Choose Denominator: Gross Profit Ratio Gross profit ratio % %
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