ABC Corporation had total quick assets of $6,210,000, current assets of $12,100,000, and current liabilities of $8,200,000. Its acid test ratio equals: Multiple Choice 1.51 068 0 076 o 0.51 2.23 A company's net sales were $677,500, its cost of goods sold was $227,810, and its net income was $34,650. Its gross margin ratio equals: Multiple Choice 10.4% 33.6% 297.4% 5.1% 66.4% A company purchased $8,200 worth of merchandise. Transportation costs were an additional $150. The company later returned $500 worth of merchandise and paid the invoice within the 3% cash discount period. The total amount paid for this merchandise is: Multiple Choice $8.104.00 $7,954.00 $7619.00 $7,850.00 $7614.50