The table below contains selected financial information from recent financial statements of Leikfang Toys and Ihrashka Games, two toy manufacturing companies ($ in thousands):
Net sales
Cost of goods sold
Year-end inventory
Leikfang Toys
12/31/2024 12/31/2023
\$ 80,822 \$ 72,320
63,500 53,900
7,500 7,000
Ihrashka Games
12/31/2024 12/31/2023
\$ 63,680 \$ 69,100
42,000 46,425
5,900 6,400
Required:
Calculate the 2024 gross profit ratio, inventory turnover ratio, and the average days in inventory for the two companies.
Note: Do not round intermediate values. Round your gross profit ratio and average days in inventory to the nearest whole number. Round "Inventory turnover" answers to two decimal places.
Gross profit ratio
Inventory turnover
Average days in inventory
Leikfang Toys
Ihrashka Games
\%
\%
days
days
