32. Company X has net sales revenue of $780,000, cost of goods sold of $343,200, and all other expet,,,14 $327,600. The net profit margin is closest to: A. 0.32. B. 0.56. C. 0.86. D. 0.14. 33. A company has $72,500 of inventory at the beginning of the year and $65.500 at the end of the year. Sales revenue is $986,400. cost of goods sold is $572,700. and net income is $124,200 for the year. The inventory turnover ratio is closest to: A. 1.8. B. 8.3. C. 6.0. D. 14.3. 34. A company that has a current ratio less than one cannot cover. A. current liabilities with its current cash flow. B. current expenses with its current sales revenue. C. expenses with its current revenues. D. current liabilities with its current assets. 35. An increase in the gross profit percentage indicates that: A. cost of goods sold as a percentage of sales has decreased. B. cost of goods sold as a percentage of sales has increased. C. operating expenses as a percentage of sales have increased. D. operating expenses as a percentage of sales have decreased. 36. A current ratio of 2.5 means that for every dollar of: A. accounts payable, there is $2.50 of cash. B. current liabilities, there is $2.50 of current assets. C. current assets, there is $2.50 of current liabilities. total liabilities, there is $2.50 of cash