1.A company reports the following in their Income Statement. Sales 200,000; Cost of Sales 80,000 and expenses 45,000. What is the "Gross Profit margin"?

A 37.5%

B 60%

C 40%

D 22.5%

2.

For the year ending March 2020, a company had the following Balance Sheet totals:

Credit sales 332,000

Cost of sales 210,000

Accounts Receivable/Debtors (start) 32,000

Accounts Receivable/Debtors (end) 40,000

Inventory (start) 34,400

Inventory (end) 44,000

Using average inventory, what is the Inventory Days ratio (to the nearest day)?

A 76 days

B No answer is correct

C 46 days

D 73 days