Sales Cost of Goods Sold Gross Profit 142.290 Salaries and rent Depreciation EBIT 54,650 102,150 125,630 Suppose the inventory turnover ratio is 7.5 Cash Accounts Receivable Marketable Securities Inventory Current Assets 28,010 Current Liabilities 30,500 Long-term Debt 719,940 3.394,100 St Equity 1,458,860 Plant & Equipment Total Assets 4,734,200 Total Lia & St Equity 1. What is the gross profit margin? (This question is not graded) Please answer this question: 2. What is the quick ratio A Between 0.0 and 1.4 B Between 1.4 and 1.6 C Between 1.6 and 1.8 D Between 1.8 and 2.5