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

Cash $ 22,070 Accounts receivable 47,500 Note receivable, due 2020 9,300 Merchandise inventory 35,500 Prepaid insurance 2,330 Supplies 1,390 Equipment 43,300 Accumulated depreciation, equipment 23,300 Note payable to bank, due 2020 33,000 Accounts payable 14,870 Interest payable 330 Sales 529,000 Sales discounts 3,000 Cost of goods sold 361,130

Accounts Receivable at December 31, 2018, was $54,550. Merchandise inventory at December 31, 2018, was $58,300. 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.