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

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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 turnover for each company. (Round the inventory turnover rates to one decimal place, XX, and the gross profit percentage to the nearest tenth percent, X.X%. Do not enter the % sign in the gross profit percentage input fields.) Gross Profit Inventory Company Percentage Turnover Sutherland Crossen % % Williams % Scott % Reference Beginning Net Ending Cost of Gross Company Net Sales Inventory Purchases Inventory Goods sold Profit Sutherland $ 100,000 $ 20,000 $ 59,000 $ 16,000 $ 63,000 $ 37,000 Crossen 125.000 28,000 90,000 45,000 73,000 52,000 Williams 96,000 28,000 52,000 20,000 60,000 36,000 Scott 88,000 7.000 29,000 3,000 33,000 55,000 Print Done wer

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