The following selected accounts were taken from the financial records of Los Olivos Distributors at December 31, 2019. All accounts have normal balances Cash Accounts receivable Note receivable, due 2020 Merchandise inventory Prepaid insurance Supplies Equipment Accumulated depreciation, equipment Note payable to bank, due 2828 Accounts payable Interest payable Sales Sales discounts cost of goods sold $ 31,875 47,200 9,800 35,200 2,3e0 1, 368 43,880 23,08e 30,eee 17,680 30e 527,580 2, 700 344,848 Accounts Receivable at December 31, 2018 was $53.800 Merchandise inventory at December 31, the account balances above, calculate the following 2018, was $58,000. Baserd a. The gross profit percentage. b. Working capital c. The current ratio. 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 Proht Percentage Required b >