Selected financial data for Quick Sell, Inc., a retail store, appear as follows. Sales (all on account) Cost of goods sold Average Inventory during the year Average receivables during the year Year 2 $ 764,000 485,000 182,000 150,000 Year 1 $ 607,000 422,000 172,000 100,000 a-1. Compute the gross profit percentage for both years. (Round your percentage answers to the nearest whole number. as 12%) 0-2. Compute the inventory turnover for both years. (Round your answers to 1 decimal place.) 0-3. 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 % 1 a- 2 a- 3 Gross profit percentage Inventory tumover Accounts receivable turnover times times times times Trend b. Gross profit rate Inventory turnover Accounts receivable turnover Growth in net sales