Selected financial data for Quick Sell, Inc., a retail store, appear as follows. Year 2 Year 1
Sales (all on account) $ 781,000 $ 609,000
Cost of goods sold 409,000 344,000
Average inventory during the year 133,000 123,000
Average receivables during the year 150,000 100,000
1. Compute the gross profit percentage for both years. (Round your percentage answers to the nearest whole number. i. e. 0.1234 as 12%.)
2. Compute the inventory turnover for both years. (Round your answers to 1 decimal place.)
3. Compute the accounts receivable turnover for both years. (Round your answers to 1 decimal place.)

Ancho corp. is an automobile company whose core competency lies in manufacturing petrol- and diesel- based cars. the company realizes that more of its potential customers are switching to electric cars. the r& d department of the company acquires competencies in developing electric cars and launches its first hybrid car, which uses both gas and electricity. in this scenario, ancho is primarilya. leveraging new core competencies to improve current market position. b. redeploying existing core competencies to compete in future markets. c. unlearning existing core competencies to create and compete in markets of the future. d. building new core competencies to protect and extend current market position