Selected data for Sorenta, Inc. and New World Corp., two companies in the same industry, are presented below:Sorenta, Inc. New World Corp.Sales $$50,000$ $$80,000$Cost of goods sold $30,00050,000$Average inventory balance $5,0005,000$Based on this data, which statement below is true?a$.$ Sorenta, Inc. has a lower gross profit ratio than New World Corp.b$.$ New World Corp has a higher net income than Sorenta, Inc.c$.$ New World Corp sells its inventory faster than Sorenta, Inc.d$.$ Sorenta, Inc. has lower storage costs and a lower investment in inventory than New World Corp.