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The Table Below Contains Selected Financial Information from Recent Financial

Question 129

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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): 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): Required: Calculate the 2016 gross profit ratio,inventory turnover ratio,and the average days in inventory for the two companies (rounded).
Required:
Calculate the 2016 gross profit ratio,inventory turnover ratio,and the average days in inventory for the two companies (rounded).

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