At fiscal year end in 2020, Hale Company's assets consisted of the following for 2020 and 2019: Cash 2020 $20,000 2019 $18,000 Accounts Receivable, net $45,000 $75,000 Inventory Prepaid Expenses $35,000 $25,000 $1,000 $2,000 Plant and equipment, net Total Assets The company's cost of goods sold for 2020 was $96,000. $ 70,000 $75,000 $171,000 $195,000 Required: 1) If the company's accounts receivable turnover is 2, how much was sales revenue for 2020? (All sales wer 2) Calculate the company's gross margin percentage. 1 link