The building of Fireproof Corporation was gutted by fire thereby destroying its inventories and its financial and accounting records. In recent prior years, however, Fireproof has maintained the following relationships among the data on its financial statements Gross Margin on Net Sales Profit Margin Ratio Accounts Receivable turnover Inventory Turnover Acid test ratio Current ratio Asset Tumover 40% 10% 8 times 6 times 2 296 2 times Additional information 1. Quick Asset is composed of 8% from Cash; 32% from marketable securities, and 60% from accounts receivable 2. Fireproof has a net income of 120.000 for the year Match each item to a choice Compute the amount of Gross Profe Compute the amount of Cash compute the amount of Accounts Receivable Compute the amount of Net Sales Compute the amount of Total Assets Choices 1.200.000 200.000 315.000 500,000 150,000 1.500.000 320,000 520000 600,000 480,000