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

Cash	$	32,960
Accounts receivable		46,600
Note receivable, due 2020		8,400
Merchandise inventory		34,600
Prepaid insurance		2,240
Supplies		1,300
Equipment		42,400
Accumulated depreciation, equipment		22,400
Note payable to bank, due 2020		24,000
Accounts payable		24,260
Interest payable		240
Sales		524,500
Sales discounts		2,100
Cost of goods sold		345,375

Accounts Receivable at December 31, 2018, was $55,300. Merchandise inventory at December 31, 2018, was $57,500. Based on the account balances above, calculate the following:

1. The gross profit percentage.
2. Working capital.
3. The current ratio.
4. The inventory turnover.
5. The accounts receivable turnover. All sales were on credit.