Selected financial data for Quick Sell, Inc., a retail store, appear as follows.

	Year 2				Year 1
Sales (all on account)	$	790,000			$	603,000
Cost of goods sold		401,000				338,000
Average inventory during the year		185,000				175,000
Average receivables during the year		150,000				100,000

a-1. Compute the gross profit percentage for both years. (Round your percentage answers to the nearest whole number. i.e. 0.1234 as 12%.)

a-2. Compute the inventory turnover for both years. (Round your answers to 1 decimal place.)

a-3. Compute the accounts receivable turnover for both years. (Round your answers to 1 decimal place.)

b. Which of the following show a positive or negative trend?

		Year 2		Year 1
a-1.	Gross profit percentage		%		%
a-2.	Inventory turnover		times		times
a-3.	Accounts receivable turnover		times		times
		Trend
b.	Gross profit rate
	Inventory turnover
	Accounts receivable turnover
	Growth in net sales