I need fast help in these two questions, I have only 10 minutes, no explanation needed, just put A, B as answer

Question 33 A company had a gross profit of $300,000 based on sales of $400,000. Its cost of goods sold equals $700,000. O False Truc Question 34 2 pts Most companies do not take a physical count of inventory each year, but rather rely on inventory records to determine the inventory value. O True False