D Home - nova.edu x Summer | 2022 Acct For Decision X Question 5 - Chapter 14 Assignn X + X -> C https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=08launchUrl=https%253A%252F%252Flms.mhe... A" Chapter 14 Assignment: GRADED Saved Help Save & Exit Submit Check my work 5 Selected financial data for Quick Sell, Inc., a retail store, appear as follows. Year 2 Year 1 Sales (all on account) $ 767,090 $ 600, 000 Cost of goods sold 456, 096 396, 000 10 Average inventory during the year 191, 090 181, 000 Average receivables during the year 150, 090 100, 000 points eBook a-1. Compute the gross profit percentage for both years. (Round your percentage answers to the nearest whole number. i.e. 0.1234 as 12%.) Print a-2. Compute the inventory turnover for both years. (Round your answers to 1 decimal place.) a-3. Compute the accounts receivable turnover for both years. (Round your answers to 1 decimal place.) References b. Which of the following show a positive or negative trend? Year 2 Year 1 a-1. Gross profit percentage % a-2. Inventory turnover times times a-3. Accounts receivable turnover times times Trend b Gross profit rate Inventory turnover Accounts receivable turnover Growth in net sales Mc Graw Hill 28'C OLDCE PA 11:34 AM Muy nublado 5/21/2022 3