Sales
Cost of Goods Sold		1,116,000
Gross Profit
Salaries and rent		190,360
Depreciation		187,420
EBIT			210,650
Cash			40,110
Accounts Receivable			Current Liabilities
Marketable Securities		55,360	Long-term Debt		862,000
Inventory
Current Assets		902,830
				St Equity		1,095,000
Plant & Equipment
Total Assets		2,329,000	Total Lia & St Equity
This year's inventory turnover ratio is 3.6
Last year's inventory was 306,000
1. What is the gross profit margin?
A Between 20.000% and 28.000%
B Between 28.000% and 29.000%
C Between 29.000% and 31.000%
D Between 31.000% and 40.000%
2.What is the quick ratio?
A Between 0.2 and 0.7
B Between 0.7 and 1.3
C Between 1.3 and 1.7
D Between 1.7 and 3.0