41 Module 6 Inventories, Accounts Payable, and Long-Term Assets Sales. Cost of sales. Gross profit.. Inventory.. Total assets Carrefour Group in € millions 2018 €76,000 60,850 15,150 6,135 47,378 2017 €78,315 62,311 16,004 6,690 47,813 Ⓒ Cambridge Business Publishers Tesco PLC in £ millions 2018 £57,491 54,141 3,350 2,263 44,862 2017 €55,917 53,015 2,902 2,301 45,853 Required a. Calculate gross profit margin for each year for both companies. b. Determine the common-size inventory for each year for both companies. c. Compute inventory turnover and days average inventory outstanding for 2018. d. Based on the metrics in parts a, b, and c, how do we assess the two companies' inventory

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Vertical Statement Analysis

Vertical statement analysis is a financial statements analysis tool that is used to establish a correlation between the base item and every line item in the financial statements. In vertical statement analysis, each line item in financial statements is reflected as a percentage of the base item. In the income statement, each line item is represented as a percentage of the gross turnover because gross turnover is considered as a base figure in income statement analysis. In the balance sheet, each line item is reflected as a percentage of total assets or liabilities.