Question 12 of 12 > - /5 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. $303,000 Money Refunded Ltd. $554,000 $579.000 $765.000 $781.000 $811,000 Beginning Inventory January 1, 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 Sales - 2019 $4,504,285 $6,734,288 $1,264,734 $3,505 485 $3.798.000 $6,145,000 Sales - 2020 $7,304,000 $5,015.000 Question 12 of 12 -/5 Calculate the gross margin and gross margin ratio. (Round gross margin ratio to 1 decimal place, eg. 61.5%) Satisfactory Goods Money Refunded 2019 2020 2019 Gross Margin $ $ $ $ Gross Margin Ratio x eTextbook and Media Which of the two companies has the higher gross margin ratios? has the higher gross margin ratio Question 12 of 12