Company A has a current ratio of 1.5 and Company B has a current ratio of 3:

A)	Company B has twice as many assets as A.
B)	Company A has twice as many assets as B.
C)	Company A has a greater ability to pay bills than B.
D)	Company B has a greater ability to pay bills than A.

ANSWER____________

19. Company As net sales are $150,000 and Cost of Goods Sold are $100,000. The Gross Profit Margin is:

1. $50,000

2. 33%

3. 67%

4. 50%