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9) Wilson, Inc. provides the following data: 2011 2010 Cash $41,000 $25,000 Accounts Receivable, Net 128,000 62.000 Merchandise Inventory 71,000 50,000 Property, Plant, and Equipment,

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9) Wilson, Inc. provides the following data: 2011 2010 Cash $41,000 $25,000 Accounts Receivable, Net 128,000 62.000 Merchandise Inventory 71,000 50,000 Property, Plant, and Equipment, Net 195,000 120,000 Total Assets $435,000 $257,000 Net Credit Sales $280,000 Cost of Goods Sold 130,000 Gross Profit $150,000 Write formulas and Calculate Gross profit percentage, Inventory turnover ratio, Days sales in Inventory, Accounts receivable turnover ratio and Days in receivables for 2017

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