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Refer to the data given. ( (Click the icon to view the data.) Read the...

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Accounting

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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 tumover for each company. (Round the inventory turnover rates to one decimal place, X.X, and the gross profit percentage to the nearest tenth percent, xx%. Do not enter the % sign in the gross profit percentage input fields.) Gross Profit Inventory Company Percentage Turnover Reference Gerald 40 Evans % Beginning Net Ending Cost of Goods Gross Liard % Company Net Sales Inventory Purchases Inventory sold Profit Ugino Gerald S 105,000 $ 25,000 $ 59,000 S 21,000 $ 63,000 S 42,000 Evans 131,000 34,000 94,000 36,000 92,000 39,000 Liard 94,000 32.000 58,000 25,000 65,000 29,000 Ugina 85,000 7,000 34,000 5,000 38,000 49,000 Print Done

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