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1. TELE Corp. provided the following information for December 312014 and 2015 respectively: Net Credit Sales (P0, P1, 241,000); Cost of Sales (P0, P676, 000); Trade Receivables (P54, 000, P80, 000); Inventory (P157, 000, P182, 000). What is the number of days to convert inventory to sales using 360day year? 2. Aboitizz has a current ratio of 3.5:1 and quick ratio of 2:1. If excess of current assets over quick assets represented by inventories is P27,000, calculate current assets. 3. Calculate the current ratio from the following information: Total assets =P300,000 Non- current liabilities = P 70,000 Shareholders' Equity = P 300,000 Non-Current Assets: Fixed assets = P 160,000 - Non-current Investments = P 120,000. 4. It is the policy of the company to bill all sales during the period at 140% of the cost of materials, labor and overhead. Total cost of production and operating expenses in 2015 amounted to P3, 000,000 and 700,000 respectively. The average assets used in the production of goods was P3,000,000 of which 15% has been provided by creditors with 10% interest. The applicable tax rate is 30%. What is the net profit margin? 5. Energy Company has an acid-test ratio of 2.0 to 1 and has no prepaid expenses at the end of 2015. If the current assets and inventory amounted to P40, 000 and P16, 000 respectively, what Is the value of current liabilities