The following selected accounts were taken from the financial records of Livermore Valley Distributors at December 31, 20X1. All accounts have normal balances. Cash Accounts receivable Note receivable, due 20x2 $ 24,948 46,300 8,100 34,300 Merchandise inventory Prepaid insurance 2,210 Supplies 1,270 Equipment 42,100 Accumulated depreciation, equipment 22,100 Note payable to bank, due 28x2 21,000 Accounts payable 27,590 Interest payable 210 523,000 Sales Sales discounts Cost of goods sold 1,800 384,300 Accounts Receivable at December 31, 20X0, was $56,050. Merchandise Inventory at December 31, 20X0, was $57,200. Based on the account balances above, calculate the following: a. The gross profit percentage. 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. Required A Required B Required C Required D Required E The gross profit percentage. Choose Numerator Gross profit Gross Profit Percentage Choose Denominator Net sales Gross Profit Percentage Accounts payable Accounts receivable Average accounts receivable Average inventory Cash Cost of goods sold Current assets Current liabilities Gross profit Merchandise inventory Net sales Quick assets Total assets Required A Required Required C Required D Required E Working capital. Working Capital Required A Working capital = $ 0 Required C > Required A Required B Required C Required D Required E The current ratio. Current Ratio Choose Numerator Choose Denominator = Current Ratio 0 < Required B Required D > Required A Required B Required C Required Required E The inventory turnover. Choose Numerator Inventory Turnover Choose Denominator < Required C Inventory Turnover = 0 times Required E > Required A Required B Required C Required D Required E The accounts receivable turnover. All sales were on credit. Choose Numerator Accounts Receivable Turnover Choose Denominator Accounts Receivable Turnover Oltimes < Required D Required E >