The following information pertains to two competitors. Mostly Inc. and Hardly Ltd. Company Beginning Inventory Ending Inventory Cost of Goods Sold Mostly Inc. $174.000 $249,000 $852 390 Hardly Ltd. $565,000 $641,000 $1,891,334 Mostly Inc. reported sales revenues of $1,435,000 and Hardly Ltd. reported sales revenues of $2,857,000, Calculate the inventory turnover ratio for Mostly and Hardly. (Round answers to 1 decimal place, e-. 10.5.) Mostly Inc. Hardly Ltd. Inventory turnover ratio times times e Textbook and Media Question Part Score Calculate the gross margin and gross margin ratio for Mostly and Hardly. (Round gross margin ratio to 1 decimal piece, e.g. 10.5%.) Mostly Inc Hardly Ltd. Gross margin $ Gross margin ratio e Textbook and Media Question Part Score On the basis of inventory turnover, which company is moving its inventory faster? #moves its inventory faster