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.: Satisfactory Goods Inc. Money Refunded Ltd. Beginning Inventory January 15, 2019 $301,000 $541,000 Ending Inventory December 31, 2019 $566,000 $745,000 Ending Inventory December 31, 2020 $782,000 $790,000 Cost of Goods Sold December 31, 2019 $4,470,567 $1,253,745 Cost of Goods Sold December 31, 2020 $6,862,548 $3,482,418 Sales - 2019 $6,099,000 $3,765,000 Sales - 2020 $7.427,000 $4,982,000 Calculate the gross margin and gross margin ratio (Round gross margin ratio to 1 decimal place, eg. 61.5%.) Satisfactory Goods MC 2019 2020 2019 Gross Margin $ Gross Margin Ratio %6 % Which of the two companies has the higher gross margin ratios? has the higher gross margin ratio. e Textbook and Media Calculate the inventory turnover ratio and days to sell inventory ratio for the two companies for two years. (Round inventory turnover ratio to 1 decimal place, e.g. 61.5 and days in inventory to O decimal places, eg. 125.) Satisfactory Goods 2019 2020 2019 Inventory Turnover Ratio X Days in Inventory days days Which of the two companies is moving inventory faster? is moving inventory faster. Money Refunded 2019 2020 X days days