Selected financial data for Quick Sell, Inc., a retail store, appear as follows. Year 2 Year 1 Sales (all on account) $ 793, 000 $ 603, 000 Cost of goods sold 450, 000 386, 000 Average inventory during the year 159, 000 149, 000 Average receivables during the year 150, 000 100, 000 a-1. Compute the gross profit percentage for both years. (Round your percentage answ as 12%.) a-2. Compute the inventory turnover for both years. (Round your answers to 1 decimal p a-3. Compute the accounts receivable turnover for both years. (Round your answers to b. Which of the following show a positive or negative trend? Year 2 Year 1 a-1. Gross profit percentage 43 % % a-2. Inventory turnover 5.0 times times a-3. Accounts receivable turnover times times Trend b. Gross profit rate Inventory turnover Accounts receivable turnover Growth in net sales