11 The following selected accounts were taken from the financial records of Sonoma Valley Distributors at December 31, 20X1. All accounts have normal balances. oints Cash Accounts receivable $ 22,595 46,800 Note receivable, due 20x2 8,600 Merchandise inventory 34,800 eBook Prepaid insurance 2,260 Supplies 1,320 Hint Equipment 42,600 Accumulated depreciation, equipment 22,600 Print Note payable to bank, due 20x2 26,000 Accounts payable 21,240 Interest payable 260 References Sales Sales discounts Cost of goods sold 525,500 2,300 397,320 Accounts Receivable at December 31, 20x0, was $52,800. Merchandise inventory at December 31, 20X0, was $57,600. Based on the account balances above, calculate the following: a. The gross profit percentage. b. Working capital. c. The current ratio. d. The inventory turnover. e. The accounts receivable turnover. All sales were on credit.