Question 12 of 12 > - 15 E View Policies 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 summarized information for Satisfactory Goods Inc and Money Refunded Ltd Satisfactory Goods Inc. Money Refunded Ltd. $303,000 $544,000 $585,000 $746,000 Beginning Inventory January 15, 2019 Ending Inventory December 31, 2019 Ending Inventory December 31, 2020 Cost of Goods Sold December 31, 2019 Cost of Goods Sold December 31, 2020 $784,000 $786,000 $4,496,955 $1,243,089 $6,844,068 $3,503,500 Sales - 2019 $6,135,000 $3.733,000 Sales - 2020 $7,407,000 $5.005.000 Calculate the gross margin and gross margin ratio. (Round gross margin ratio to 1 decimal place, eg. 61.5%) Satisfactory Goods Money Refunde 2019 2020 2019 Gross Margin $ $ $ $ Gross Margin Ratio % % % e Textbook and Media Which of the two companies has the higher gross margin ratios? has the higher gross margin ratio Money Refunded Satisfactory Goods eTextbook and Media -75 E Calculate the inventory turnover ratio and days to sell inventory ratio for the two companies for two years (Round inventory turnover ratio to 1 decimal place, es. 61.5 and days in inventory to decimal places, eg. 125) Satisfactory Goods Money Rei 2019 2020 2019 Inventory Turnover Ratio 183 Days in Inventory days 91 days days Which of the two companies is moving inventory faster? Satisfactory Goods is moving inventory faster, e Textbook and Media