O Use cash to reduce short-term notes payable O Use cash to reduce accounts payable QUESTION 30 Ryngard Corp's sales last year were $43,000 and its total assets were $16,000. What was its total assets turnover ratio (TATO) O2.50 O 2.28 O 271 3.06 O 2.69 QUESTION 31 Royce Corp's sales last year were $250,000, and its net income was $23,000. What was its profit margin? 0 9 57%