Following is an extract of information from the books of Express Photos:

	2014	2013
Net Sales	166500
Net Credit Sales	150500
Inventory	13000	15000
Total Assets	98000
Current Liabilities	40000
COGS	76000
Gross Profit	80000
Current Assets	72000
Total Liabilities	56000
Accounts Receivable	25000	18000
Non leap year

Calculate the following ratios:

Format as noted.

Current Ratio (to 1 decimal place)	Answer
Debt Ratio (as a percentage to 1 decimal place - no "%")	Answer
Inventory Turnover (rounded to nearest whole number)	Answer
Gross Profit Percentage (as a percentage to 1 decimal place - no "%")	Answer

Following are a series of ratios with two possible results. Enter the ratio that you believe represents the better position for a business:

Current Ratio	1.3 or 1.8	Answer
Gross Profit Percentage	46.3 or 45.8	Answer
Inventory Turnover	8 or 10	Answer