Question 1 (1 point) Current ratio Return on assets Return on equity Inventory turnover AR turnover Debt to equity Profit margin Gross profit 2012 RATIOS Coke Dr. Pepper 1.33 1.11 3.9% 7.9% 15.3% 27.6% 14.8 12.7 12.3 9 8.5 11 1.7% 10.6% 40.5% 58.3% The ratios for Coke and Dr. Pepper for 2012 are shown above. Which ratio shows COKE as similar to DR PEPPER? Current ratio Gross Profit Profit Margin Question 2 (1 point) Accounts Payable Cost of Goods Sold Gain on Sale of Equipment General and Admin Expense Loss from Discontinued Ope Salaries Payable Tax Expense $45,000 230,000 15,000 160,000 10,500 20,000 60,000 Blanton is preparing their multi-step income statement and have downloaded their income statement accounts. Two accounts were downloaded incorrectly and do not belong on the income statement (HINT: you have to identify the wrong accounts). These two replace the wrong accounts shown: Selling Expense, 35,000 Sales Revenue 599,000 What is Blanton Co's gross profit for the period