25. The following selected accounts were taken from the financial records of Livermore Valley Distributors at December 31, 20X1. All accounts have normal balances.

Cash $ 32,340 Accounts Receivable 57,900 Note Receivable, due 20X2 10,250 Merchandise Inventory 46,000 Prepaid Insurance 4,350 Supplies 1,410 Equipment 63,500 Accumulated Depreciation, Equipment 23,500 Note Payable to Bank, due 20X2 34,000 Accounts Payable 32,000 Interest Payable 350 Sales 547,000 Sales Discounts 3,400 Cost of Goods Sold 348,540 Accounts Receivable at December 31, 20X0, was $52,550. Merchandise Inventory at December 31, 20X0, was $58,200. 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.