The following information pertains to two competitors, Superior Inc. and Michigan Corp.

Company		Beginning Inventory		Ending Inventory		Cost of Goods Sold
Superior Inc.		$183,000		$146,000		$1,230,719
Michigan Corp.		$394,000		$453,000		$2,280,825

Superior Inc. reported sales revenues of $1,613,000, 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. Inventory turnover ratio times times e Textbook and Media Question Part Score 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 Question Part Score On the basis of inventory turnover, which company is moving its inventory faster? moves its inventory faster. e Textbook and Media