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

	2019	2018
Net Sales	186,500
Net Credit Sales	150,500
Inventory	13,000	18,000
Total Assets	98,000
Current Liabilities	48,000
Gross Profit	101,000
Current Assets	72,000
Total Liabilities	56,000
Accounts Receivable	25,000	18,000
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
Accounts Receivables Turnover (rounded to nearest whole number)	Answer
Inventory Turnover (rounded to nearest whole number)	Answer
Gross Profit Percentage (as a percentage to 1 decimal place - no "%")	Answer

Select the ratio that would generally be considered better for each of the following:

Current Ratio Answer

Debt Ratio Answer

Inventory Turnover Answer

Gross Profit Answer

Days Sales in Receivables Answer

Select the ratio that would generally be considered better for each of the following:

Current Ratio Answer

Debt Ratio Answer

Inventory Turnover Answer

Gross Profit Answer

Days Sales in Receivables Answer