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The following information pertains to two competitors, Teal Mountain Inc. and Sandhill Ltd. Teal Mountain Inc. reported sales revenue of $1,790,000, and Sandhill Ltd. reported

image text in transcribedimage text in transcribed The following information pertains to two competitors, Teal Mountain Inc. and Sandhill Ltd. Teal Mountain Inc. reported sales revenue of $1,790,000, and Sandhill Ltd. reported sales revenue of $4,660,000. (a) Your answer is correct. Calculate the inventory turnover and days to sell inventory ratios for Teal Mountain and Sandhill. (Round answers to 1 decimal place, e.g. 10.5. Use 365 days for calculation.) eTextbook and Media Attempts: 1 of 3 used (b) Your answer is correct. Calculate the gross margin and gross margin ratio for Teal Mountain and Sandhill. (Round gross margin ratio to 1 decimal place, e.g. 10.5\%) (c1) Your answer is correct. On the basis of inventory turnover, which company is moving its inventory faster? moves its inventory faster. eTextbook and Media Attempts: 2 of 3 used (f) Your answer is incorrect. Estimate the capital that Teal Mountain could free up if it were to reduce its days to sell inventory ratio by 5 days. (Round days in inventory to 2 decimal places. Enter amount in thousands rounded to 0 decimal places, e.g. 125.) Capital that can be freed up $ thousand eTextbook and Media

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