Please solve for part b thanks.

The following information pertains to two competitors, Mostly Inc. and Hardly Ltd. Company Mostly Inc. Hardly Ltd. Beginning Inventory $171,000 $562,000 Ending Inventory $244,000 $534,000 Cost of Goods Sold $816,000 $1,823,040 Mostly Inc. reported sales revenues of $1,200,000 and Hardly Ltd. reported sales revenues of $3,165,000. (a) Your answer is correct. Calculate the inventory turnover ratio for Mostly and Hardly. (Round answers to 1 decimal place, e.g. 10.5.) Mostly Inc. Hardly Ltd. I 2 3.9) T Inventory turnover ratio 3.3 times times LINK TO TEXT LINK TO TEXT Attempts: 1 of 2 used (b) 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 % %