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The Table Below Contains Selected Financial Information from Recent Financial

Question 94

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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):
Required:
Calculate the gross profit ratio, the inventory turnover ratio, and the average days in inventory for the two companies, using the most recent fiscal year data.
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 gross profit ratio, the inventory turnover ratio, and the average days in inventory for the two companies, using the most recent fiscal year data.

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