The following information pertains to two competitors. Mostly Inc. and Hardly Ltd. Company Mostly Inc Hardly Ltd. Beginning Inventory $179,000 $562,000 Ending Inventory Cost of Goods Sold $238,000 $965,340 $561,000 $1,802,360 Mostly Inc reported sales revenues of $1.395,000 and Hardly Ltd, reported sales revenues of $2,870,000. Calculate the inventory turnover ratio for Mostly and Hardly. (Round answers to 1 decimal place, eg. 10.5.) Mostly Inc Hardly Ltd. times times Inventory turnover ratio Calculate the gross margin and gross margin ratio for Mostly and Hardly. (Round gross margin ratio to 1 decimal place, cg 10.5%) Mostly Inc. Hardly Ltd. Gross margin Gross margin ratio e Textbook and Media On the basis of inventory turnover, which company is moving its inventory faster? moves its inventory faster