tudent Portal View Assessment X + https://leaming.rasmussen.edu/ultra/courses/_89624_1/calendat/assessment/_8673787_1/overvi Question 7 If net sales are 120,000 and cost of goods sold is 75,000, what is the gross profit percentage? A) 37.5% B 62.5% 50% 4096 Question 8 Current assets: A are obligations expected to be paid off within 12 months B are resources expected to be converted to cash within 12 months are obligations that won't be paid off within 12 months are resources expected to be converted to cash in more than 12 months