The following information pertains to two competitors, Mostly Inc. and Hardly Ltd. Company Beginning Inventory Ending Inventory Cost of Goods Sold Mostly Inc $154,000 $263,000 $990,093 Hardly Ltd. $541,000 $574,000 $1,720,248 Mostly Inc. reported sales revenues of $1,437,000 and Hardly Ltd. reported sales revenues of $2.748,000. Calculate the inventory turnover ratio for Mostly and Hardly. (Round answers to 1 decimal place, e.g. 10.5.) Mostly Inc Hardly Ltd. Inventory turnover ratio times times Calculate the gross margin and gross margin ratio for Mostly and Hardly. (Round gross margin ratio to 1 decimal place, eg. 10.5%) Mostly Inc Hardly Ltd. Gross margin Gross margin ratio % % eTextbook and Media On the basis of inventory turnover, which company is moving its inventory faster? moves its inventory faster