9). A company has sales of $375,000 and its gross profit is $157,500. It's cost of goods sold equals: Open with a - $217,500 b - $325,000. C-$225,000 d - $200,000 10). A company had net sales of $340,500, its cost of goods sold was $257,000, and its net income was $13,750. The company's gross margin ratio equals a - 30.10% b - 24.5% C-28.5% d-20.10% 11). A buyer of $5,000 in merchandise inventory does not take advantage of a supplier's credit terms of 2/10, n/30, and instead pays the invoice in full at the end of 30 days. The buyer will pay. a-$6,500 b - $4,900 c- $5,000 d - $4,500 12). Sales of $350,000 and net sales of $323,000. Sales discounts is a-$32,000. b- $30,000. c- $25,000 d - $27,000