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Review of the financial statements revealed the following for Ivanhoe Inc.i sales $1277000, net income $40500, total assets $687000, long-term debt $757000, interest expense $67000

Review of the financial statements revealed the following for Ivanhoe Inc.i sales $1277000, net income $40500, total assets $687000, long-term debt $757000, interest expense $67000 and cost of goods sold $778970. What is the Hyde's gross profit margin closest to? 51%61%39%3% Oriole Corporation's books revealed the following for 2024 and 2023: The quick ratio for the 2024 year end is 1.67. 1.49. 1.32. 2.00

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