Saved Help Save & Exit The following selected accounts were taken from the financial records of Los Olvos Distributors at December 31, 2019 Al accounts have normal balances Cash Accounts receivable Note receivable, due 2020 Merchandise inventory 35,970 46,500 8,300 34,580 2,230 Prepaid insurance Supplies Equipment 1,290 42,300 Accumulated depreciation, 22,388 equipment Note payable to bank, due 2820 Accounts payable 23,000 25,370 230 Interest payable Sales Sales discounts Cost of goods sold 524,000 2,000 349,220 Accounts Recevable at December 31, 2018, was $55,550 Merchandise the account balances abovecalculate the following inventory at December 31. 2018, was $57.400 Based on o. The gross profit percentage Prev 1of lil Next > 6 8 rcise Help Save & Exit Submit Accounts Receivable at December 31, 2018, was $55,550. Merchandise inventory at December 31, 2018, was $57,400 Based on the account balances above, calculate the following a. The gross profit percentage b. Working capital. c. The current ratio. d. The inventory tunover e. The accounts receivable turnover All sales were on credit Complete this question by entering your answers in the tabs below. The gross profn percetage Prev o 0 EE Next > tz SCAN b. Working capital. c. The current ratio. d. The inventory turnover e. The accounts recelvable turnover. All sales were on credit Complete this question by entering your answers in the tabs below ped Required a Required Required cRequiredd Required Book Working capital Working Capital Choose Numerator Choose Denominator Required a Required c Prev 1 of 10EEI Next 0 USETOU e. The accounts receivable turnover. All sales were on credit Complete this question by entering your answers in the tabs below Required a Required bqr Required d Requirede The current ratio. Current Ratio Current Ratio Prev 1 or 10 Next> 1. USEYOURS b. Working capital c. The current ratio. d. The inventory turnover e. The accounts receivable turnover. All sales were on credit Complete this question by entering your answers in the tabs below ped Required d Required a Required b Required cRequired d Required e The inventory turnover Inventory Turnover Choose Denomi Choose Numerator 4/ e. The accounts receivable turnover. All sales were on credit Complete this question by entering your answers in the tabs below Required a Required b quired Required Reqired e The accounts receivable turnover. All sales were on credit. Accounts Receivable Turnover e Numerator Choose C Required d Prev 1 or 10i Next >