ans this question plzz Current Attempt in Progress The following information was taken from the accounting records of Chicoutimi Lt$$e$.$ and Jonqui$$re Lt$$e$.$ at December $31,2020.$ The two companies are competitors. Calculate the gross margin, gross margin ratio, and inventory turnover ratio at December $31,2020,$ for: i$.$ Chicoutimi Lt$$e$.$ ii$.$ Jonqui$$re Lt$$e$.($Round inventory turnover ratio to $1$ decimal place, eg$.10\mathrm{.}1.)/$r$/$n During the December $20,2020,$ inventory count at Chicoutimi Ltee., $\backslash (\backslash$$ $68,000\backslash )$ of inventory shrinkage was identified. it had not. been recorded in the imventory account. $1.$ Prepare the entry to record the inventory shrinkage of $\backslash (\backslash$$ $68,000\backslash ).($Credit occount titles are automatically indented when arnount is $/$r$/$n During the December $20,2020,$ inventory count at Chicoutimi Lt$$e$.,\backslash (\backslash$$ $68,000\backslash )$ of inventory shrinkage was identified, It had not been recorded in the in entory account. i$.$ Prepare the entry to record the inventory shrinkage of $\backslash (\backslash$$ $68,000\backslash ).($Credit occount titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter O for the amounts$)$ ii$.$ Recalculate Chicoutimi's gross margin, gross margin ratio, and inventory turnover ratio after the adjusting journal entry is made. $($Hint: You need to adjust the ending inventory balance for $2020$ and the cost of goods sold.$)($Round gross margin ratio to $1$ decimal place, es$.\backslash (10\mathrm{.}5\backslash \%\backslash )$ and inventory turnover ratio to $1$ decimal place, es$.8\mathrm{.}5.)/$r$/$n ii$.$ Recalculate Chicoutimi's gross margin, gross margin ratio, and inventory turnover ratio after the adjusting journal entry is made. $($Hint: You need to adjust the ending inventory balance for $2020$ and the cost of goods sold.$)($Round gross margin ratio to $1$ decimal place, e$.$g$.10\mathrm{.}5\backslash \%$ and inventory turnover ratio to $1$ decimal ploce, eg$.8\mathrm{.}5.)$