You want to own and operate a retail business and before you dive into your own retail store you decide to examine the inventory and sales of two publicly traded retailers. You were able to obtain the following summarized information for Satisfactory Goods Inc. and Money Refunded Ltd.: (a) Satisfactory Money Goods Inc. Refunded Ltd. Beginning Inventory January 1st, 2019 $297,000 $543,000 Ending Inventory December 31, 2019 $581,000 $770,000 Ending Inventory December 31, 2020 $785,000 $791,000 Cost of Goods Sold December 31, 2019 $4,455,907 $1,264,858 Cost of Goods Sold December 31, 2020 $6,822,800 $3,525,200 Sales - 2019 $6,079,000 $3,787,000 Sales - 2020 $7,400,000 $5,036,000 Calculate the gross margin and gross margin ratio. (Round gross margin ratio to 1 decimal place, e.g. 61.5%.) Gross Margin Gross Margin Ratio Satisfactory Goods 2019 2020 % % Mon 2019