The following information pertains to two competitors, Superior Inc. and Michigan Corp. Company Superior Inc. Michigan Corp. Beginning Inventory $174,000 $415,000 Ending Inventory $152.000 $445,000 Cost of Goods Sold $1,235,637 $2,250,138 Superior Inc. reported sales revenues of $1,611,000, and Michigan Corp.reported sales revenue of $3,399,000. 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 e Textbook and Media Question Part Score --/40 Calculate the gross margin and gross margin ratio for Superior and Michigan. (Round gross margin ratio to 1 decimal place, eg. 10.5%.) Superior Inc. Michigan Corp. $ $ Gross margin Gross margin ratio % % e Textbook and Media Question Part Score --/50 On the basis of inventory turnover, which company is moving its inventory faster? moves its inventory faster