Question

Using Inventory Analysis Tools
AutoZone and O'Reilly are two competitors in the retail automotive parts industry.

	AutoZone	O'Reilly
Average 2018 Inventory	$3,912,878	$3,101,572
2018 Sales	11,221,077	9,536,428
2018 Cost of goods sold	5,247,331	4,496,462
Average 2017 Inventory	$3,757,001	$2,894,388
2017 Sales	10,888,676	8,977,726
2017 Cost of goods sold	5,149,056	4,257,043

Use the information above to compute the companies' gross profit margin and days inventory outstanding for both years.
Round answers to one decimal place (ex: 0.2345 = 23.5%).

Gross Profit Margin
	AutoZone	O'Reilly
2018	Answer	Answer
2017	Answer	Answer

Round to answers to nearest whole number (day).

Days Inventory Outstanding
	AutoZone	O'Reilly
2018	Answer	Answer
2017	Answer	Answer

Answer 1

Note formula of gross profit margin =

SALES - COGS/ SALES

INVENTORY DAY OUTSTANDING =

(AVERAGE INVENTORY/ COGS )*365

PLEASE CHECK THE SALES FIGURES OF 2017 I THINK I PICK THE CORRECT VALUE . IF NOT CORRECT THEN RECTIFIED ACCORDINGLY .

BECAUSE OF SALES AMOUNT OF 2017 ARE MIXUP IN THE Q .