In its closing financial statements for its first vear in business, the Runs and Goses Company, had cash of $242, accounts receivable of $850, inventory of $820, net fixed assets of $3,408, accounts payable of $700, short-term notes payable of S740, long-teies of S1,100, common stock of S1,160 retained earnings of S1,620, net sales of $2,768, cost of goods sold of $1,210, depreciation of $360, interest expense of $160, taxes of S312, addition to retained earnings of $508, and dividends paid of $218. 24. What is the net profit margin for Runs and Gases? a. 60.0% b. 22.7% c. 7.9% d. 18.4% e, 26.2%