13). KLM Corporation's quick assets are $5,888,000, its current assets are $11,700,000 and its current liabilities are $8,000,000. Its acid-test ratio equals: a-0.74. b -0.50. C-0.68. d - 1.50. 14). A company's current assets are $17,980, its quick assets are $11,420 and its current liabilities are $12,190. Its quick ratio equals: a- 1.07. b -0.94 C-1.48. d - 1.57 15). A company's gross profit (or gross margin) was $83,750 and its net sales were $347,800. Its gross margin ratio is: a-75.9%. b - $83,7% C-24.1% d - 4.2%. 16). A company's net sales were $676,600, its cost of goods sold was $236,810 and its net income was $33,750. Its gross margin ratio equals: a-5%. b -9.6%. C-35% d -65%