RGB, Inc. has a gross profit of $45,000 on sales of $150,000. The balance sheet shows average total assets of $75,000 with an average inventory balance of $15.000. RGBs total asset turnover and invent

A、Sales are $60,000 and gross profit is $12,000.

B、Sales are $60,000 and gross profit is $45,000.

C、Sales are $98,000 and gross profit is $73,500.

D、Sales are $98,000 and gross profit is $78,400.

A．12.86%

B．7.77%

C．34%

D．87%

A．10%

B．40%

C．25%

D．17%

Please calculate the Gross profit and Net income. Net Sales $20,000,000 Cost of Goods Sold 16,000,000 Gross Profit $4,000,000 Selling Expense $1,500,000 General &Administrative Expenses 1,000,000 Total Operating Expenses 2,500,000 Earnings before Interest and Taxes（） 300,000 Net Income $700,000

A、Gross profit Net profit No change No change

B、Gross profit Net profit Falls $400 Falls $400

C、Gross profit Net profit Falls $400 Rise $400

D、Gross profit Net profit No change Rises $800

A．$175,000

B．$250,000

C．$325,000

D．$675,000

A、Net income

B、Net sales

C、Operating income

D、Net profit