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The table below contains selected information from recent financial statements of Leviz Corporation, and Metilda...

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Accounting

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The table below contains selected information from recent financial statements of Leviz Corporation, and Metilda Companies, Inc., two companies in the home improvement retail industry is in millions); en Leviz Corporation 2/2/year 2 2 /3/year 1 Metilda Companies, Inc. 1/31/year 2 2/1/year 1 $80,024 52,550 12,330 is $78,890 50,675 11,000 $57,905 3 6,714 10,150 $53,420 35,150 9,225 Net sales Cost of goods sold Year-end inventory Industry averages: Gross profit ratio Inventory turnover ratio Average days in inventory 33% 3.7 times times 99 days Required: Calculate the gross profit ratio, the inventory turnover ratio, and the average days in inventory for the two companies for their fiscal years ending in year 2. Compare your calculations for the two companies, taking into account the industry averages

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