The Cuenca Company asked you to interpret the following ratios provided by its accountant.

Acid Test Ratio 1.5 to 1

Times Interest Earned 8 times

Gross Margin Ratio 40%

Inventory Turnover 6 times

Debt to Equity Ratio 0.9 to 1

Ratio of Operating Expenses to Sales 20%

The gross profit for the year ended December 31, 2019 was Php 1.2M. Total stockholders equity on December 31, 2019 amounted to Php 1.8M. The beginning balance of merchandise inventory was Php 400,000. The companys long-term liabilities consisted of bonds payable with interest at 10%. You decided to reconstruct the companys financial statements based on the limited information given to serve as basis for further analysis.

Required: Compute the following:

1. Total Sales
2. Ending Inventory
3. Total Purchases
4. Operating Expenses
5. Operating Income
6. Interest Expense
7. Quick Assets
8. Total Current Assets
9. Bonds Payable
10. Total Current Liabilities