Calculate the gross margin and gross margin ratio for Mostly and Hardly. (Round gross margin ratio to 1 decimal place, e.g. 10.5%.) Mostly Inc. Hardly Ltd. Gross margin Gross margin ratio % % The following information pertains to two competitors, Mostly Inc. and Hardly Ltd. Company Mostly Inc. Hardly Ltd. Beginning Inventory $149,000 $560,000 Ending Inventory $261,000 $648,000 Cost of Goods Sold $984,642 $1,626,210 Mostly Inc. reported sales revenues of $1,299,000 and Hardly Ltd. reported sales revenues of $3,170,000