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 improvement

 The table below contains selected information from recent financial statements ofThe Tool Station, Incorporated, and Howard's Companies, Incorporated, two companies in thehome improvement retail industry (\$ in millions): Required: Calculate the gross profit

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): Required: Calculate the gross profit ratio, the inventory turnover ratio, and the average days in inventory for the two companies for their fisc 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 nearest whole number. nearest whole number

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