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 Sheridan Goods Inc. and Skysong Refunded Ltd.: Calculate the gross margin and gross margin ratio. (Round gross margin ratio to 1 decimal place, e.g. 61.5%.) \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Skysong Refunded } \\ \hline & 2023 & & 2024 \\ \hline$ & 2513840 & $ & 1488300 \\ \hline & 67 & % & 30 \\ \hline \end{tabular} Your answer is correct. Which of the two companies has the higher gross margin ratios? 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 0 decimal places, e.g. 125 . Use 365 days for calculation.) \begin{tabular}{|c|c|c|c|} \hline \multicolumn{3}{|c|}{ Skysong Refunded } & \\ \hline 2023 & & 2024 & \\ \hline & x & & x \\ \hline & days & & days \\ \hline \end{tabular} Which of the two companies is moving inventory faster? is moving inventory faster