d vily to another question will save this response Question 18 The following information is available: Revenue $1,200,000 Gross Profit $360,000 Net Sales $820,000 Net Income $82,000 Calculate the Gross Margin (also called Gross Profit Margin) (round to 2 decimal places). 44% 30% 39% 996 Question 19 Choose the best response to the following: It Knights Inc. has an Accounts Receivable Turnover Rate of 8, which of the following statement is most accurato? On average, Knights o colects its outstanding accounts receivable every en de o Knohts Inc is more liquid than a business with an Accounts recebe Tumove to 12 The business is being unless eiciently than a business with an Accounts Receivable Tomover o 04 20 Answers 1 and 3 are both correct