In its closing financial statements for its first year in business, the Runs and Goses Company, had cash of $242, accounts receivable of $850, inventory of S820, net fixed assets of $3,408, accounts payable of $700, short-term notes payable of $740, long-term iabilities of $1,100, common stock of $1,160, retained earnings of S1,620, net sales of $2,768, cost of goods sold of S1,210, depreciation of $360, interest expense of $160, taxes of S312, addition to retained earnings of $508, and dividends paid of $218. 26. The gross profit margin for Runs and Gases is? a. 26.2% b. 30.3% c. 43.3% d. 56.3% e. 60.0%