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

a-1. Compute the gross profit percentage for both years. (Round you 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 thr accounts receivable turnover for both years. (Tound your answers to 1 decimal place.)

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

connect.mheducation.com/flow/connect.html?returnUrl=https%3A%2F%2Fconnect.mhed ters 13 & 14) Saved 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 $ 752,000 415,000 197,000 150,000 Year 1 $ 604,000 351,000 187,000 100,000 a-1. Compute the gross profit percentage for both years. (Round your percen as 12%.) a-2. Compute the inventory turnover for both years. (Round your answers to a-3. Compute the accounts receivable turnover for both years. (Round your a b. Which of the following show a positive or negative trend? Year 2 Year 1 a- Gross profit percentage -1. Compute the gross profit percentage for both years. (Round yo as 12%.) a-2. Compute the inventory turnover for both years. (Round your ar -3. Compute the accounts receivable turnover for both years. (Rou b. Which of the following show a positive or negative trend? Year 1 1 Year 2 % times Gross profit percentage Inventory turnover % times Nam Accounts receivable turnover times times Trend Gross profit rate Inventory turnover Accounts receivable turnover Growth in net sales