Selected financial data for Quick Sell, Inc., a retail store, appear as follows.

a-1.Compute the gross profit percentage for both years.(Round your percentage answers to the nearest whole number. i.e. 0.1234 as 12%.)

a-2.Compute the inventory turnoverfor both years.(Round your answers to 1 decimal place.)

a-3.Compute the accounts receivable turnover for both years.(Round your answers to 1 decimal place.)

b.Which of the following show a positive or negative trend?

Year 2 Year 1 Sales (all on account) $ 791,000 $ 605,000 Cost of goods sold 422,000 365,000 Average inventory during the year 116,000 106,000 Average receivables during the year 150,000 100,000 a-1. Compute the gross profit percentage for both years. (Round your percentage answers to the nearest whole number. i.e. 0.1234 as 12%.) a-2. Compute the inventory turnover for both years. (Round your answers to 1 decimal place.) a-3. Compute the accounts receivable turnover for both years. (Round your answers to 1 decimal place.) b. Which of the following show a positive or negative trend? Year 2 Year 1 a-1. Gross profit percentage % % a-2. Inventory turnover times times a-3. Accounts receivable turnover times times Trend b. Gross profit rate Inventory turnover Accounts receivable turnover Growth in net sales