11 it: 3:00:00 Time Left:2:56:16 Shateria Quince: Attempt 1 2 3 5 6 B 9 - 1 12 If a company has revenue of $6,950 and cost of goods sold of $2,790, what is its gross margin ratio? A) 59.8% B) 40% C) $2,790 D) $4,160 4 - 7 - 15 18 O - 21 3 - 24 6 27 Question 2 (1 point) Business transactions are usually the same and are recorded in a single category. A) True B) False Question 3 (1 point) The Institute of Management Accountants primary focus is for internal decision making. True False Question 4 (1 point)