Selected Data for Buechner Corporation Appear Below Instructions
Compute the Following for 2014:
(A) Gross Profit Percentage

Essay

Selected data for Buechner Corporation appear below. $\begin{array}{lrr}&2014&2013\\\text { Net credit sales } & \$ 630,000 & \$ 520,000 \\\text { Cost of goods sold } & 409,500 & 312,000 \\\text { Inventory at end of year } & 64,000 & 85,000 \\\text { Accounts receivable at end of vear } & 90,000 & 50,000\end{array}$ Instructions
Compute the following for 2014:
(a) Gross profit percentage
(b) Inventory turnover
(c) Accounts receivable turnover