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\%.) 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 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