Problem 1. Finix Corporation is calculating its ratios relating to the debt-paying ability for the year ended December 31, 2017. Here is the relevant information Sales revenue Cost of goods sold Interest expense Income tax expense Net income P125,000 75,000 20,000 6,000 9,000 December 1, 3016 December 31, 2017 Cash Accounts receivable Inventory Accounts payable Taxes payable P10,000 25,000 45,000 24,000 11,000 P16,000 15,000 50,000 28,000 13,000 Required: a. What is the amount of Finix's working capital? b. What is Finix's current ratio at December 31, 2017? c. What is Finix's acid test ratio at December 31, 2017? d. What is Finix's average collection period for accounts receivable? e. What is Finix's inventory turnover? f. What is Finix's times interest earned