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The table below contains selected financial information from recent financial statements of KBI Toys and...

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Accounting

The table below contains selected financial information from recent financial statements of KBI Toys and Little Tikes Adventure Toys, Inc., two toy manufacturing companies ($ in thousands): KBI Toys Little Tikes 12/31/2018 12/31/2017 12/31/2018 12/31/2017 Net sales $ 84,422 $ 75,920 $ 67,280 $ 72,700 Cost of goods sold 63,000 55,700 44,900 48,225 Year-end inventory 9,300 8,800 7,700 8,200

Required: Calculate the 2018 gross profit ratio, inventory turnover ratio, and the average days in inventory for the two companies. (Round your "Gross profit ratio" answers to the nearest whole percentage and the other answers to the nearest whole number.)

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