EXERCISE: COMPUTE FOR THE FOLLOWING ACCOUNTS: ,800,000 25% 6 32,720 25,000 ? (In Pesos) Annual Credit Sales 1 Gross Profit Margin Inventory Turnover No. of days in a year Average Collection Period Current Ratio Total Asset Turnover Ratio Debt ratio 365 45 days 1.6 1.2 60% Cash Marketable Sec. Accounts Receivable Inventories Total Current Assets Net Fixed Assets Total Assets Accounts Payable Notes Payable Accruals Total Current Liabilities Long Term Debt Stockholders' Equity Total Liab. And Equity 120,000 20,000 ? Gross Profit 600,000