21 0.62 points Assessment Tool iFrame Check my work Exercise 13.9 (Algo) Calculating ratios. LO 13-6 The following selected accounts were taken from the financial records of Sonoma Valley Distributors at December 31, 20X1. All accounts have normal balances. Cash Accounts receivable $ 30,960 46,100 eBook Note receivable, due 20X2 7,900 Merchandise inventory 34,100 Prepaid insurance 2,190 Supplies 1,250 Hint Equipment 41,900 Accumulated depreciation, equipment 21,900 Note payable to bank, due 20X2 19,000 Accounts payable 29,810 Interest payable 190 Print Sales References Sales discounts Cost of goods sold 522,000 1,600 391,730 Accounts Receivable at December 31, 20X0, was $56,550. Merchandise inventory at December 31, 20X0, was $57,000. 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 c Required d Required e The gross profit percentage. Choose Numerator Gross Profit Percentage Choose Denominator Gross Profit Percentage = < Required a Required b >