The following information pertains to two competitors, Superior Inc. and Michigan Corp. Company Superior Inc. Beginning Inventory Ending Inventory Cost of Goods Sold $178,000 $155,000 $1,236,852 Michigan Corp. $417,000 $448,000 $2,262,534 Superior Inc. reported sales revenues of $1,598,000, and Michigan Corp. reported sales revenue of $3,342,000. Calculate the inventory turnover ratio for Superior and Michigan. (Round answers to 1 decimal place, e.g. 10.5.) Superior Inc. Michigan Corp. times times Inventory turnover ratio eTextbook and Media Calculate the gross margin and gross margin ratio for Superior and Michigan. (Round gross margin ratio to 1 decimal place, e.g. 10.5%.) Superior Inc. $ Gross margin Gross margin ratio % Michigan Corp. $ %