The following selected accounts were taken from the financial records of Los Olivos Distributors at December 31, 2019. All accounts have normal balances.

Cash$24,900Accounts receivable46,900Note receivable, due 20208,700Merchandise inventory34,900Prepaid insurance2,270Supplies1,330Equipment42,700Accumulated depreciation, equipment22,700Note payable to bank, due 202027,000Accounts payable20,330Interest payable270Sales526,000Sales discounts2,400Cost of goods sold402,810

Accounts Receivable at December 31, 2018, was $53,050. Merchandise inventory at December 31, 2018, was $57,700. Based on the account balances above, calculate the following:

1. The gross profit percentage.
2. Working capital.
3. The current ratio.
4. The inventory turnover.
5. The accounts receivable turnover. All sales were on credit.