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Question 9 of 9 View Policies < Current Attempt in Progress The following information was taken from the accounting reconds of Pembroke Ltd and
Question 9 of 9 View Policies < Current Attempt in Progress The following information was taken from the accounting reconds of Pembroke Ltd and Deep River Ltd at October 31, 2000. The two companies are competitors Pembroke Ltd. Deep River Ltd. Ending inventory, Oct. 31, 2019 Ending inventory, Oct. 31, 2020 $385,000 294,000 $152,000 482,000 Cost of goods sold, 2020 5.700,600 4,659,900 Sales for 2020 7,604,800 7.766.500 Calculate the gross margin, gross margin ratio, and inventory turnover ratio at October 31, 2020, for 1. Pembroke Ltd. i. Deep River Ltd. (Round Inventory turnover ratio to 1 decimal place, eg 10.13 Gross margin Gross margin ratio Pembroke Ltd. $ Deep River Ltd.
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