Northem Communications reported these figures in its December 31, 2020 francial statement Cache icon to view the figures) Compute the grous margin percentage and tale of Inventory turnover for 2020 Oneywele December 31, 2019 Northern Invertory balance was 1600 Compute the gross margin percentage for 2020. (Round the grous margin percentage to the nearest whole percent) The gross margin percentage for 2020 h Compute the rate of inventory tumover for 2020. One year after on December 31, 2016. Northam Communications Intary balance was $600 Round the wventory testu do one decimal place) The inventory over tot 2020 in pet yout Northern Concreported in December 31, 2020 francaments Click the Kot viw the figures Campule theyruos marin percentage and rate of inventory for 2020 One year or on Dec 31, 2019. North's new balance was 5600 Compute the gross nagin percentage for 2020. Round the gross margin percentage to the new whole percent) The gross in percentage for 2020 is Compute the cate o inventory turnover to 2020. One year earlier on December 31, 2019 Northern Communications Inventory balance was $600 (Round the Inventory turnover rate to one decimal place The inventory turnover 2020 times per year Figures x $ 9.000 Accounts payable Accounts receivable 6.000 Accrued liabilities 3.400 Cash 8,600 48,000 29,000 820 Cost of goods sold Equipment, net Inventory Long-term note payable Net sales revenue Total operating expenses V. Randall, capital 2,800 70,000 25,000 29,220 Print Done