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The following information pertains to two competitors, Ivanhoe Inc. and Flint Ltd. Ivanhoe Inc. reported sales revenues of $1,126,600 and Flint Ltd. reported sales revenues

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The following information pertains to two competitors, Ivanhoe Inc. and Flint Ltd. Ivanhoe Inc. reported sales revenues of $1,126,600 and Flint Ltd. reported sales revenues of $2,485,400. Calculate the gross margin and gross margin ratio for Ivanhoe and Flint. (Round gross margin ratio to 1 decimal ploce, e.g. 10.5%

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