Given the table, compute for the following: * ** Credit Sales * 10,000,000 Current Ratio 2 times Total Debt to Total Gross Profit Margin 60% 60% Asset Ratio Ave. Collection 35 days Total Asset Turnover 2 times Period No. of Days in a 365 days Year Inventory Turnover 4 times All sales are credit sales. Sales level is the same for the year Inventory level is constant throughout the year (in Pesos) Cash 41,096 Accounts Payable 500,000 Accounts Notes Payable 500,000 Receivable Total Current Inventory Liabilities Total Current Long Term Debt Assets Net Fixed Assets Total Assets Total Liabilities 5,000,000 3,000,000 Stockholders' Equity Total Liabilities and Stockholders' Equity 5,000,000 ** Gross Profit How much is the Total Current Liabilities? P2,000,000 P3,000,000 P4,000,000 P1,000,000