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

Cash	$	33,340
Accounts receivable		47,700
Note receivable, due 2020		9,500
Merchandise inventory		35,700
Prepaid insurance		2,350
Supplies		1,410
Equipment		43,500
Accumulated depreciation, equipment		23,500
Note payable to bank, due 2020		35,000
Accounts payable		13,050
Interest payable		350
Sales		535,000
Sales discounts		3,200
Cost of goods sold		348,540

Accounts Receivable at December 31, 2018, was $52,550. Merchandise inventory at December 31, 2018, was $58,500. Based on the account balances above, calculate the following:

The gross profit percentage.

Working capital.

The current ratio.

The inventory turnover.

The accounts receivable turnover. All sales were on credit.