17. Candy Company had sales of $210,000 and cost of goods sold of $80,000 What is the gross profit margin (ratio of gross profit to sales)? A. 75% B. 61.9% C. 73.3% D. 524% 18. Density Farms, Inc. had sales of $500,000. cost of goods sold of S180,000, selling and administrative expense of $70,000, and operating profit of $90,000 What was the value of depreciation expense? A. Less than $170,000 B. $230,000 C. $170.000 D. None of these 19 A firm has $2,000,000 in its common stock account and $20,000,000 in its paid-in capital account. The firm issued 500,000 shares of common stock What is the par value of the common stock? A $40 per share B $4 per share $44 per share