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  3. the following information pertains to two competit

The following information pertains to two competitors, Mostly Inc. and Hardly Ltd. ...

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Accounting

The following information pertains to two competitors, Mostly Inc. and Hardly Ltd.

Company Beginning Inventory Ending Inventory Cost of Goods Sold
Mostly Inc. $164,000 $235,000 $859,604
Hardly Ltd. $593,000 $645,000 $1,871,324

Mostly Inc. reported sales revenues of $1,382,000 and Hardly Ltd. reported sales revenues of $2,716,000.

Calculate the gross margin and gross margin ratio for Mostly and Hardly.

Mostly Inc. Hardly Ltd.
Gross margin $ $
Gross margin ratio % %

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