I need help with these questions

INDUSTRY FINANCIAL DATA AND RATIOS Average by Yoar (Number of Financial Statements) 16. (2 Pts) An espresso coffee at PT's Coffee at College Hill costs $.72 per cup. In order to obtain a 68% gross profit margin, what should the sales price be on each cup of espresso coffee? a. $2.50 b. $2.25 c. $1.50 d. $1.20 17. (2 Pts) It is possible to be profitable and experiencing negative cash flow. a. True b. False 18. (2 Pts) The best use of net profits is to: a. Purchase advertising b. Distribute to owners c. Pay down debt d. All of the above 19. (2 Pts) Low cash is caused by: a. Low Productivity b. Low Sales c. Too Much Inventory d. Not Enough Inventory 20. (2 Pts) Inventory turn in days is 75 . The industry composite for inventory turn in days is 80 . Accounts receivable turn in days is 45 . The industry composite for inventory turn is 38 . Which of the following is a true statement? a. The company is less efficient managing inventory. b. The company should negotiate better payment terms. c. The company is less efficient in managing the working capital cycle. d. The company is more efficient in managing the working capital cycle. 21. (2 Pts) One should always mail invoices the week the product or service is rendered. a. True b. False