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

Year 2Year 1Sales (all on account)$784,000$606,000Cost of goods sold428,000367,000Average inventory during the year148,000138,000Average receivables during the year150,000100,000

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 turnoverfor 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?