Festivus Company has working capital of $$139,400$ on December $30.$ On December $31$ it has the following transactions:

$1)$ An account payable for $$10,000$ is paid off

$2)$ An account receivable of $$1,000$ is written off $($Festivus does not use the direct write$-$off method$)$

$3)$ $$15,800$ more inventory is purchased on account.

Assume a $365$ day year. Sales for the period amounted to $$1,700,000$ and the average mark up is $25\%.$

Required $1$: What is the working capital on December $31$st after all transactions took place? $

Required $2$: The working capital turnover for the period ended on December $31$st is:

Required $3$: If Account Payable balance on December $30$th is $$10,000$ what is the Accounts Payable Turnover? Use ending balance of AP instead of the average.

Required $4$: If Account Payable balance on December $30$th is $$10,000$ what is the Days Accounts Payable are outstanding? Use ending balance of AP instead of the average.

Required $5$: Festivus' Gross profit percentage is $($report it as multiplied by $100$ to represent it as a percentage$)$: