Financial institutions in the u. s. economy suppose nick would like to invest $3,000 of his savings. one way of investing is to purchase stock or bonds from a private company. suppose touchtech, a hand-held computing firm, is selling stocks to raise money for a new lab—a practice known as finance. buying a share of touchtech stock would give nick the firm. in the event that touchtech runs into financial difficulty, will be paid first. suppose nick decides to buy 100 shares of touchtech stock.

Margaret company reported the following information for the current year: net sales $3,000,000 purchases $1,957,000 beginning inventory $245,000 ending inventory $115,000 cost of goods sold 65% of sales industry averages available are: inventory turnover 5.29 gross profit percentage 28% how do the inventory turnover and gross profit percentage for margaret company compare to the industry averages for the same ratios? (round inventory turnover to two decimal places. round gross profit percentage to the nearest percent.)