The table below contains selected financial information included in the 2016 financial statements of Kohl's Corporation and Dillards, Inc., two companies in the department store industry.

Required:
1. Calculate the 2016 gross profit ratio, inventory turnover ratio, and average days in inventory for both companies. Evaluate the management of each company's investment in inventory.
2. Obtain annual reports from three corporations in an industry other than department stores and compare the management of each company's investment in inventory.

($ in millions) Kohl's Corp. Dillards, Inc. 801 2015 2016 Balance sheet: Inventories $ 4,038 $3,814 $1,375 $1,374 Income statement-2016: Net sales Cost of goods sold $19,204 12,265 $6,755 4,351