The following information pertains to two competitors, Superior Inc. and Michigan Corp. Company Beginning Inventory Ending Inventory Cost of Goods Sold Superior Inc. $ 186,000 $ 145,000 $ 1,251,162 Michigan Corp. $ 408,000 $ 465,000 $ 2,257,172 Superior Inc. reported sales revenues of $ 1,602,000, and Michigan Corp. reported sales revenue of $ 3,379,000. 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 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. Michigan Corp. $ $ Gross margin Gross margin ratio % % e Textbook and Media On the basis of inventory turnover, which company is moving its inventory faster? moves its inventory faster