2013 Following is an extract of information from the books of Express Photos: 2014 Net Sales 156000 Net Credit Sales 150500 Inventory 13000 15000 Total Assets 98000 Current Liabilities 400000 COGS 76000 Gross Profit 80000 Current Assets 72000 Total Liabilities 56000 |Accounts Receivable 25000 18000 Non leap year Calculate the following ratios: Format as noted. Current Ratio (to 1 decimal place) Debt Ratio (as a percentage to 1 decimal place - no "%"). Inventory Turnover (rounded to nearest whole number) Gross Profit Percentage (as a percentage to 1 decimal place - no "%") Debt Ratio (as a percentage to 1 decimal place - no "%") Inventory Turnover (rounded to nearest whole number) Gross Profit Percentage (as a percentage to 1 decimal place - no "%") Following are a series of ratios with two possible results. Enter the ratio that you believe represents the better position for a business: Current Ratio 1.3 or 1.8 Gross Profit Percentage 46.3 or 45.8 Inventory Turnover 8 or 10