* 5 - Apply. Connect Exercise (due Mon) Saved Help Seve & Exit Subm The following selected accounts were taken from the financial records of Los Olivos Distributors at December 31, 2019. All accounts have normal balances. points Cash Accounts receivable Note receivable, due 2020 Merchandise inventory Prepaid insurance Supplies Equipment Accumulated depreciation, equipment Note payable to bank, due 2020 Accounts payable Interest payable Sales Sales discounts Cost of goods sold $ 26,760 47.700 9.500 35,700 2.350 1.410 43.see 23.5ee 35,000 13,050 350 530, see 3.290 348,548 Accounts Receivable at December 31, 2018, was $55,050, Merchandise inventory at December 31, 2018, was $58,500. 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. .. The accounts receivable turnover. All sales were on credit Complete this question by entering your answers in the tobs below. Regula R equired b Required Required d The gross profit percentage Gross Profit Percentage Choose Numerato choose Denominato Gross Pro Percentage have normal balances. LIUI ILLUIU UI LUSUIVUS DISTDutors at December 31, 2019. All accou points Cash Accounts receivable Note receivable, due 2020 Merchandise inventory Prepaid insurance Supplies Equipment Accumulated depreciation, equipment Note payable to bank, due 2020 Accounts payable Interest payable Sales Sales discounts Cost of goods sold $ 26,760 47,700 9,500 35,700 2,350 1,410 43,5ee 23,500 35,000 13,050 350 530.000 3,200 348,540 Accounts Receivable at December 31, 2018, was $55,050. Merchandise inventory at December 31, 2018, was $58,500. Based on th 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 Complete this question by entering your answers in the tabs below. Required a Required b Required Required d Required Working capital Working Capital Choose Denominator Working capital Choose Numerator - $ Wk 5 - Apply: Connect Exercise (due Mon) 6 Help Save & Exit Sub The following selected accounts were taken from the financial records of Los Olivos Distributors at December 31, 2019. All accounts have normal balances Cash Accounts receivable Note receivable, due 2020 Merchandise inventory Prepaid insurance Supplies Equipment Accumulated depreciation, equipment Note payable to bank, due 2020 Accounts payable Interest payable Sales Sales discounts Cost of goods sold $ 26,760 47,700 9.500 35,700 2,350 1.410 43,5ee 23.500 35,000 13.050 530.ee 3,200 348,549 Accounts Receivable at December 31, 2018, was $55,050. Merchandise inventory at December 31, 2018, was $58,500. 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. .. The accounts receivable turnover. All sales were on credit Complete this question by entering your answers in the tabs below. Required a Required b Required Required a The current Chirrent Ratio Choose Denoininator Current Ratio Choose Numerator Required d > Ints Cash Accounts receivable Note receivable, due 2020 Merchandise inventory Prepaid insurance Supplies Equipment Accumulated depreciation, equipment Note payable to bank, due 2020 Accounts payable Interest payable Sales Sales discounts Cost of goods sold $ 26,760 47,700 9, see 35,700 2.350 1,410 43,500 23,500 35,000 13,050 350 530.000 3.200 348.540 Accounts Receivable at December 31, 2018, was $55,050. Merchandise inventory at December 31, 2018, was $58,500. 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 Complete this question by entering your answers in the tabs below. Required a Required b Required Required d Required e The accounts receivable turnover. All sales were on credit. Accounts Receivable Turnover Choose Numerator Choose Denominator Accounts Receivable Turnover ( Required
