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32. Company X has net sales revenue of $780,000. cost of goods sold of 5343.200. and all other expenses of $327,600. The net profit margin is closest to: A. 0.32. B. 0.56. C. 0.86. D. 0.14. 33. A company has 572,500 of inventory at the beginning of the year and 565.5(8) at the end of the year. Sales revenue is 5986.400. cost of goods sold is 5572.700. and net income is 5124,200 for the year. The inventory turnover ratio is closest to: A. 1.8. B. 8.3. C. 6.0. D. 14.3. 34. A company that has a current ratio less than one cannot cover: A. current liabilities with its current cash flow. B. current expenses with its current sales revenue. C. expenses with its current revenues. D. current liabilities with its current assets. 35. An increase in the gross profit percentage indicates that: A. cost of good, sold as a percentage of sales has decreased. B. cost of good. sold as a percentage of sales has increased. C. operating expenses as a percentage of sales have increased. D. operating expenses as a percentage of sales have decreased. 36. A current ratio of 2.5 means that for every dollar of: A. accounts payable, there is $2.50 of cash. B. current liabilities, there is $2.50 of current assets. C. current assets, there is $2.50 of current liabilities. D. total liabilities, there is $2.50 of cash

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