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Requirement 4. Compute the gross profit percentage for 2018 for both HeadStart and True Tech using FIFO figures for both. (Round your answers to the nearest tenth of a percent, XX.X%.). Gross Profit Percentage Company HeadStart True Tech Requirement 5. Compute the inventory turnover for 2018 for both HeadStart and True Tech using FIFO figures for both. (Round your answers to one decimal place, XX.X). Inventory Turnover Rate Company HeadStart times True Tech times Requirement 6. Which company appears stronger? Support your answer. (Enter amounts rounded to three decimal places, XXX. For the purpose of this analysis, assume that a gross profit percentage of 30% or more is considered strong in this industry.) Comparing True Tech with HeadStart, True Tech has a gross profit percentage which indicates that True Tech has gross profit of $ of every sales dollar. HeadStart has gross profit of $ of every sales dollar. True Tech has a inventory turnover than HeadStart. Overall, compared to the industry average, Choose from any list or enter any number in the input fields and then continue to the next question. Requirement 4. Compute the gross profit percentage for 2018 for both HeadStart and True Tech using FIFO figures for both. (Round your answers to the nearest tenth of a percent, XX.X%.). Gross Profit Percentage Company HeadStart True Tech Requirement 5. Compute the inventory turnover for 2018 for both HeadStart and True Tech using FIFO figures for both. (Round your answers to one decimal place, XX.X). Inventory Turnover Rate Company HeadStart times True Tech times Requirement 6. Which company appears stronger? Support your answer. (Enter amounts rounded to three decimal places, XXX. For the purpose of this analysis, assume that a gross profit percentage of 30% or more is considered strong in this industry.) Comparing True Tech with HeadStart, True Tech has a gross profit percentage which indicates that True Tech has gross profit of $ of every sales dollar. HeadStart has gross profit of $ of every sales dollar. True Tech has a inventory turnover than HeadStart. Overall, compared to the industry average, Choose from any list or enter any number in the input fields and then continue to the next

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