Please complete the following 5 multiple choice questions. Thank you!

1. Calculate the profit margin using the following facts: Net sales = $2,000,000 Net income = $100,000

a) 0.05%

b) 0.5%

c) 5.0%

d) 20%

2.

Calculate the gross profit rate using the following facts:

Net sales = $2,000,000

Cost of goods sold = $1,200,000

a) 0.6% b) 2.5 to 1 c) 40% d) 60%

3.

Calculate the current ratio using the following facts:

Current assets = $400,000

Current liabilities = $160,000

a) 0.4% b) 0.4 to 1 c) 2.5% d) 2.5 to 1

4. Calculate the debt to total assets ratio using the following facts:

Total assets = $900,000

Total liabilities = $540,000

Net income = $100,000

Net sales = $2,000,000

a) 0.6 to 1 b) 0.11 to 1 c) 1.67 to 1 d) 11%

5.

Calculate the inventory turnover using the following facts:

Beginning inventory = $180,000

Ending inventory = $220,000

Net sales = $2,000,000

Cost of goods sold = $1,200,000

a) 3 times b) 5.45 times c) 6 times d) 10 times