Carla Vista Industries reported net sales totaling $3776000 during the year. The company's gross profit rate was determined to be 45%. Which statement is true? The company generated 45 cents out of every sales dollar that is available to cover its operating expenses and contribute to profit The inventory cost is 45% of the sales price of the inventory items The company generated 51699200 of net income during the year. The company generated 45 cents of net income out of each dollar of assets owned by the company