ADDITIONAL EXERCISES 1. Sculler Company is calculating its ratios relating to debt paying ability for the year ended December 31, 2014. Here is the relevant information: Sales revenue P125.000 Cost of goods sold expense 75. 000 Interest expense 20,000 Income tax expense 6, 000 Net income 9, 000 December 1, 2013 December 31, 2014 Cash P10. 000 P16, OOD Accounts receivable 25, 000 15, 000 Inventory 45, 000 60, DOO Accounts payable 24, 000 28. DOO Taxes payable 11, 000 13, 000 Required: What is the amount of Sculler's working capital December 31, 20147 What is Sculler's current ratio at December 31, 20147 What is the Sculler's acid test ratio at December 31, 2014? What Is Sculler's average collections period for accounts receivable? What Is Sculler's inventory turnover? What is Sculler's times interest earned