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Current Attempt in Progress You want to own and operate a retail business and before you dive into your own retail store you decide
Current Attempt in Progress You want to own and operate a retail business and before you dive into your own retail store you decide to examine the inventory and sales of two publicly traded retailers. You were able to obtain the following summard information for Satisfactory Goods Inc and Money Refunded Ltd Satisfactory Goods Inc. Money Refunded Ltd. Beginning Inventory January 1, 2019 Ending Inventory December 31, 2019 Ending Inventory December 31, 2020 $304,000 $541000 $583,000 $762,000 $789,000 $803,000 Cost of Goods Sold December 31, 2019 $4.501,353 $1.249416 Cost of Goods Sold December 31, 2020 $6.656496 $3472,700 Sales-2019 $6.141.000 $3,752,000 Sales-2020 $7.204,000 $4,961,000 Calculate the gross margin and gross margin ratio (Round gross margin ratio to 1 decimal place, eg 61.5%) Satisfactory Goods 2019 2020 Money Refunded 2020 2019
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