l gluss profit is ($775,000-$426,250) which is equal to $348,750 b) The gross profit percentages (gross profit / sales). 100%-($348,750, s775,000).100%:45% Path: p QUESTION 10 The following balance sheet data for Lester's Company are shown below: 2011: Current Assets $288,00o; Current Liabilities $120,000 2010: Current Assets $171,000; Current Liabilities 90,000 (a) Calculate the working capital for 2011 and 2010 (b) Calculate the current ratio for 2011 and 2010 3 (12pt) Path: p