#4 (1 pt.) Note that there are 2 parts to this problem. Part 1. A company's net sales are $775,420, its costs of goods sold are $413,890, and its net income is $117,220. Its gross margin ratio equals: Part 2. Using the following year-end information for Brim, LLC, calculate the acid-test ratio: Cash $ 48,000 Short-term investments 12,000 Accounts receivable 45,000 Inventory 225,000 Prepaid expenses 12,500 Accounts payable 86,500 Other current payables 22,000