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).
Definitions:
Create Tab
In software applications, a function or area where users can initiate the creation of new elements, documents, or datasets within the application.
Form Design View
A mode in database and form building applications where users can create or modify the layout and structure of a form.
Close Button
A graphical control element that closes the current window or application when clicked.
Navigation Pane
A UI component that provides users with easy access and navigation to different sections or features within an application or website.
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