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 2018 gross profit ratio, inventory turnover ratio, and the average days in inventory for the two companies (rounded).

Question

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 2018 gross profit ratio, inventory turnover ratio, and the average days in inventory for the two companies (rounded).

Quizplus · Accepted Answer

The Answer of 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 2018 gross profit ratio, inventory turnover ratio, and the average days in inventory for the two companies (rounded).

The Table Below Contains Selected Financial Information from Recent Financial