Question 3:The following Selected Financial Data information is extracted from the Sharkey Corporation SHARKEY CORPORATION Financial Data As of December 31, 2011 2010 Cash $8,000 $60,000 Marketable securities 30,000 8,000 Accounts receivable 40,000 110,000 Inventory 80,000 140,000 Net property, plant, and equipment 240,000 280,000 Accounts payable 60.000 100,000 Short-term notes payable 30,000 50,000 Cash sales 1,500,000 1,400,000 Credit sales 600,000 900,000 Cost of goods sold 1.260,000 1,403,000 Required: Answer the following questions: a. Sharkey's acid-test ratio for 2011, and 2010 b. Sharkey's receivables turnover for 2011 c Sharkey's inventory turnover for 2011 is d. Sharkey's current ratio for 2011 and 2010 e. Sharkey's gross profit margin for 2011 and 2010