consider the following financial information for LB inc. 2

Question 19 5 pts Consider the following financial information for LB Inc: 2019 $ 615 Total Assets Total Liabilities 2020 $ 710 $ 275 $ 275 Sales $ 170 $ 48 Cost of Goods Sold Total Operating Expenses Net income $36 $ 40 Calculate LB Inc's gross profit margin for 2020. O 46.45% 23.53% 71.76% 50.59% @ma 0