9. JD's Music Shop is thinking about extending the shop onto the back of its existing building for more storage. He plans to apply for a new loan. The bank asks for JD's balance to examine his overall debt levels. They discovered that JD has total assets of Php1,000,000 and total liabilities of PhP250,000. Calculate JD's debt ratio and give your analysis. 10. A firm has sales of PhP3,000,000, and a 10 percent of the sales are for cash. The year-end accounts receivable is PhP285,000. What is the average collection period