The account balances for Green Corp. are listed below. All balances are as of December 31, 2015, except where noted: Account Title Accounts Payable Accounts Receivable, 1/1/15 Accumulated Deprecation Building Balance Account Title $8,990 Inventory, 1/1/5 4,455 Supplies 21,500 Salaries Expense 65,000 Net Sales Balance $2,040 7,500 11,250 54,005 Cash 10,300 Int Expense 7,850 Common Stock Delivery Truck Depreciation Expense Dividends Marketable Equity Securities Accounts Receivable, 12/31/15 45,000 Retained Earnings, 1/1/15 9.700 Equipment 4,210 Prepaid Expenses 2,100 Cost of Goods Sold 3,400 Notes Payable (due 2017) 5,250 Inventory, 12/31/15 23,480 15,700 2,600 16,350 5.400 3,660 Determine the Gross Profit Ratio: O 30.3% O 69.7% O 26.6% 56.5% 725