The following selected accounts were taken from the financial records of Santa Rosa Distributors at December 31, 2016. All accounts have normal balances.

Cash	$26,760
Accounts Receviable	47,700
Note receivable, due 2017	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 2017	35,000
Accounts payable	13,050
Interest payable	350
Sales	530,000
Sales Discounts	3,200
Cost of goods sold	348,540

Merchandise inventory at December 31, 2015 was $58,500. 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