If Total Stockholders equity is $12 million and total liabilities are $ 8 million and intangible assets $ 2 million, the Debt to Tangible Net Worth Ratio is:

a.

60%

b.

80%

c.

20%

d.

Otherwise

Profit figures were as follows in ABC Company during 2018: Gross profit $91,200; operating income 59,300 and net income $38,400. If net sales for the same year were $120,000, the operating expense ratio was:

a.

76%

b.

26.6%

c.

32%

d.

49.4%