Reference no: EM132859297
Compare Bell and Gangway in terms of their percentage changes in sales and gross margin.
Bell Gangway (in millions) Year Ended Year Ended Year Ended Year Ended
12/31/2017 12/31/2016 12/31/2017 12/31/2016
Sales $61,133 $57,420 $8,922 $8,457
Cost of sales 49,462 47,904 7,316 6,951
Gross margin $11,671 $ 9,516 $1,606 $1,506
Inventory $ 1,180 $ 660 $ 400 $ 351
a. Compare Bell and Gangway in terms of their percentage changes in sales and gross margin.
b. Compare Bell and Gangway in terms of their gross margin percentages.
c. Compare Bell and Gangway in terms of inventory turnover and days' sales in inventory
d. In your opinion, which firm has had better financial performance? Support your answer using your calculations in parts a, b, and c.