Imagine that you’ve been asked to explain one of the major accounting ratios to a group of high school students who have no background in business or accounting, but who are eager to learn. Choose one of the following ratios and describe how you would explain it in your own words, using a specific example: current ratio, asset turnover, or profit margin on sales.

The price of a new video game is $59.69 before tax. allison bought the game for 12% off. she then paid 9.25% sales tax on the discounted price.part a: how much did allison pay in sales tax? show all work and steps in your solution. round your answer to the nearest cent. part b: what is the total amount that allison paid for the video game? show all work and steps in your solution. round your answer to the nearest cent