The following selected accounts were taken from the financial records of Los Olivos Distributors at December 31, 2019. All accounts have normal balances. $ 22,810 45,800 7,600 Canh Accounts receivable Note receivable, due 2020 Merchandise inventory Prepaid insurance Supplies Equipment Accumulated depreciation, equipment Note payable to bank, due 2020 Accounts payable Interest payable Sales Sales discounts Coat of goods sold 33.800 2.160 1,220 41,600 21,600 16.000 33,140 520,500 1,300 330, 325 Accounts Receivable at December 31, 2018, was $57,300. Merchandise inventory at December 31, 2018, was $56,700. 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 Required d Required e The gross profit percentage Gross Profit Percentage Choos. Denominator Choose Numerator Gross Profil Percentage Required is uppies Equipment Accumulated depreciation, equipment Note payable to bank, due 2020 Accounts payable Interest payable 1,220 41,600 21,600 16,000 33,140 160 Sales discounts Cost of goods sold 520,500 1,300 330,325 Accounts Receivable at December 31, 2018, was $57,300. Merchandise inventory at December 31, 2018, was $56,700. 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 Required d Required e Working capital Working Capital Choose Denominator Choose Numerator Working capital Required Requirede > Accounts Receivable at December 31, 2018, was $57,300. Merchandise Inventory at December 31, 2018, was 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 current ratio. Choose Numerator Current Ratio Choose Denominator Current Ratio Accounts Receivable at December 31, 2018, was $57,300. Merchandise inventory at December 31, 2018, was $56,70 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 Required d Required e The Inventory turnover. Choose Numerator Inventory Turnover Choose Denominator Inventory Turnover Accounts Receivable at December 31, 2018, was $57,300. Merchandise inventory at December 31, 2018, was $ 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 d1 Required e The accounts receivable turnover. All sales were on credit Accounts Receivable Turnover Choose Denominator Accounts Receivable Turnover Choose Numerator ( Required d
