A company collects 50% of its sales during the month of the sale, 40% one month after the sale, and 10% two months after the sale. The company expects sales of PhP50,000 in August, PhP80,000 in September, PhP70,000 in October, and PhP60,000 in November. The following income statement items of the company are: sales of PhP502,500; operating expenses of PhP101,150; the cost of goods sold of PhP350,250; and interest expense of PhP7,500. Furthermore, the company has a debt ratio of 0.47, noncurrent liabilities of PhP20,000, and total assets of PhP70,000.

a) How much money is expected to be collected in October?

b) How much are the Accounts Receivable by the end of November?

b) If the firms income tax rate is 40%, what is the amount of the firms income tax liability?

c) What is the company's level of current liabilities? 12900