In its closing financial statements for its first year in business, Semo 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 $740, long-term liabilities of $1,100, common stock of $1,160, retained earnings of $1,620, net sales of $2,768, cost of goods sold of $1,210, depreciation of $360, interest expense of $160, taxes of $312, addition to retained earnings of $508, and dividends paid of $218.

The gross profit margin for Semo Company is?

Group of answer choices

45.7%

56.3%

38.4%

50%

What is Semo Companys sales to total asset ratio?

Group of answer choices

1.98

0.47

0.52

0.59

The interest coverage ratio for Semo Company is:

Group of answer choices

3.7 times

9.7 times

6.1 times

11 times