The following selected accounts were taken from the financial records of Sonoma Valley Distributors at December 31, 20X1. All 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 a. The gross profit percentage. b. Working capital. c. The current ratio. 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: d. The inventory turnover. e. The accounts receivable turnover. All sales were on credit.