The following information was taken from the accounting records of Chicoutimi Ltée. and Jonquière Ltée. at December 31,

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The Following Information Was Taken From The Accounting Records Of Chicoutimi Ltee And Jonquiere Ltee At December 31 1 (32.07 KiB) Viewed 22 times

The following information was taken from the accounting records of Chicoutimi Ltée. and Jonquière Ltée. at December 31, 2020. The two companies are competitors. Ending inventory, Dec. 31, 2019 Ending inventory, Dec. 31, 2020 Cost of goods sold, 2020 Sales for 2020 Gross margin Gross margin ratio Inventory turnover ratio Chicoutimi Ltée $411.000 383,000 2,461,400 $ 6,153,500 k Calculate the gross margin, gross margin ratio, and inventory turnover ratio at December 31, 2020, for: i. Chicoutimi Ltée. ii. Jonquière Ltée. (Round inventory turnover ratio to 1 decimal place, e.g. 10.1.) Jonquière Ltée $136,000 205,000 Chicoutimi Ltec 954,800 2,387,000 times Jonquière Ltée % times