The financements of Chine Corporation include the folosing Click the icons vow the out the foothos for current year ack the icon to view the rates) 7. Compute the current for the current Begin by selecting the ones the then and compute the current rate for the current year Round you can places XXX B. Compute the best of the current year Select the formulates the amounts and come to the current trevations used NAAR Accounts Receivables Merchandise in Merchandisinventory Stivens Shorts Round your to two decalces XXX) Acid 9. Compute the inventory turnover for the current you Begin by selecting the formula labels, then enter the amounts and compute the inventory turnover for the current year (Round your answer to two decimal places XXX) Inventory turnover 10. Compute the gross profit percentage for the current year Begin by selecting the formula labels, then enter the amounts and compute the gross profit percentage for the current year. (Round your answer to the nearest whole percent X) Gross profit percentage 2 of 10 (0 complete) ng items Data Table Current Year Preceding Year d-test ratio for the cu Balance Sheet: Merchandise Inventory, S Cash $ 12,000 S 6,200 20.500 Short-term Investments Net Accounts Receivable Merchandise Inventory Prepaid Expenses Total Current Assets Total Current Liabilities Income Statement: Net Sales Revenue Cost of Goods Sold and compute the invent 11,000 10,900 21,900 29,300 4,300 77.400 38,900 30,100 6.900 75,700 54,000 $ 189,300 125,600 and compute the gross Print Done ds and then continue to the next question O C 2 a 2 of 10 (0 complete) o for the current year. (Abbre rchandise Inv = Merchandise in i More Info - 7. Current ratio 8. Acid-test ratio 9. Inventory turnover 10. Gross profit percentage te the inventory turnover for th fes XXX.) Inventory turno Print Done pute the gross profit percentage for the current year. (Round your answer to the nearest whole percent, X%). Gross profit percentage % en continue to the next question. i 2 o