The following information was taken from the accounting records of Chicoutimi Lte. and Jonquire Lte. at December 31, 2020. The two companies are competitors.

		Chicoutimi Lte		Jonquire Lte
Ending inventory, Dec. 31, 2019		$408,000		$137,000
Ending inventory, Dec. 31, 2020		454,000		187,000
Cost of goods sold, 2020		3,275,600		1,296,000
Sales for 2020		6,551,200		2,592,000

calculate Chicoutimis gross margin, gross margin ratio, and inventory turnover ratio after the adjusting journal entry is made. (Hint: You need to adjust the ending inventory balance for 2020 and the cost of goods sold.) (Round gross margin ratio to 1 decimal place, e.g. 10.5% and inventory turnover ratio to 1 decimal place, e.g. 8.5.)

		Chicoutimi Lte
Gross margin		$
Gross margin ratio			%
Inventory turnover ratio			times