Selected data from Perry Corporation's financial statements follow Current ratio Acidetest ratio. Current liabilities Inventory turnover Gross profit margin as a percentage of sales 2.0 15 $120,000 40% The company has no prepaid expenses and there were no changes in inventories during the Perry Corporation's net sales for the year wete A) $800,000 B) $480,000 C) $1,200,000 ps240,000