The following selected accounts were taken from the financial records of Sonoma Valley Distributors at December 31, 20X1. AR accounts have normal balances. Cash Accounts receivable Note receivable, due 20x2 Merchandise inventory Prepaid insurance Supplies Equipment Accumulated depreciation, equipment Note payable to bank, due 20x2 Accounts payable Interest payable Sales Sales discounts Cost of goods sold $ 25,830 45, 700 7,500 33, 700 2,150 1,210 41,500 21,500 15,000 34,250 150 520,000 1,200 334, 110 Accounts Receivable at December 31, 20x0, was $57,550, Merchandise inventory at December 31, 20x0, was $56,600. 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 recevable turnover. All sales were on credit Required a Required b Required Required d Required The gross profit percentage. Gross Profit Percentage Choose Denominator Choose Numerator Gross Profit Percentage Required b> Required a Required b Required Required d Required e Working capital. Working Capital Choose Denominator Choose Numerator Working capital S 0 (Required a Requiredc > Required a Required b Required e Required d Required e Working capital. Working Capital Choose Denominator Choose Numerator Working capital S 0 Required a Required b Required c Required d Required e The inventory turnover. Inventory Tumover Choose Denominator Choose Numerator Inventory Turnover O times Required a Required b Required Required a Required e The accounts receivable turnover. All sales were on credit. Accounts Receivable Turnover Choose Numerator Choose Denominator Accounts Recolvable Turnover Otimos