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 $ 19,740 47,400 9,200 35,400 2,320 1,380 43,200 23,200 32,000 15,780 320 528,500 2,900 355,680 Accounts Receivable at December 31, 20XO, was $54,300. Merchandise inventory at December 31, 20X0, was $58,200. 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. Gross Profit Percentage 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. Gross Profit Percentage Choose Denominator Choose Numerator Gross Profit Percentage Complete this question by entering your answers in the tabs below. Required a Required b Required Required d Required e Working capital. Working Capital Choose Denominator Choose Numerator Working capital Complete this question by entering your answers in the tabs below. Required a Required b Required Required d Required e The current ratio. Current Ratio Choose Numerator Choose Denominator Current Ratio Complete this question by entering your answers in the tabs below. Required a Required b Required c Required d Required e The inventory turnover. Inventory Turnover Choose Numerator Choose Denominator Inventory Turnover times Complete this question by entering your answers in the tabs below. Required a Required b Required c Required d Required e The accounts receivable turnover. All sales were on credit. Accounts Receivable Turnover Choose Numerator Choose Denominator Accounts Receivable Turnover times