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The Table Below Contains Selected Financial Information from Recent Financial

Question 77

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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 2013 gross profit ratio, inventory turnover ratio, and the average days in inventory for the two companies (rounded). Required:
Calculate the 2013 gross profit ratio, inventory turnover ratio, and the average days in inventory for the two companies (rounded).

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