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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.
Nutritional Supplements
Products intended to add nutritional value to the diet, such as vitamins, minerals, and amino acids.
Deep-brain Stimulation
A medical treatment involving the implantation of a device that sends electrical impulses to specific parts of the brain to treat neurological disorders.
Electrodes
Conductive pads or probes used to measure electrical activity in the body or to deliver electrical stimulation.
Cortex
refers to the outer layer of the brain involved in numerous higher-level functions including thought, memory, consciousness, and language.
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