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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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