The following information pertains to two competitors, Mostly Inc. and Hardly Ltd. Company Mostly Inc. Hardly Ltd. Beginning Inventory $164,000 $593,000 Ending Inventory $235,000 $645,000 Cost of Goods Sold $859,604 $1,871,324 Mostly Inc. reported sales revenues of $1,382,000 and Hardly Ltd. reported sales revenues of $2,716,000. Calculate the inventory turnover ratio for Mostly and Hardly. (Round answers to 1 decimal place, e.g. 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, e.g. 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. e Textbook and Media