ABC Company asked you to interpret the following ratios provided by its accountant. Acid-test ratio Debt to equity ratio Times interest earned 1.20: 1 0.701 Gross profit ratio Inventory turnover 6 Ratio of operating expenses to sales Total shareholders' equity of December 31, 2019 was Php800,000. Gross profit was Php450,000. The beginning merchandise inventory was Php180,000. The company's long-term liabilities consisted of bonds payable with interest of 10%. You decide to reconstruct the financial statements based on the limited information given to serve as basis for further analysis. 31. How much is the non-current liabilities (bonds payable)? A. B. A. B. Php180,000 Php187,500 32. Based on the previous item, how much is the current liabilities? Php372,500 C. Php447,000 D. C. D. A. B. 33. Based on the previous item, how much is the current assets? Php447,000 C. Php604,500 D. Php190,000 Php197,500 Php604,500 None 40% 4x 30% Php793,000 Php615,750