Purple Corporation is undergoing financial difficulty and planning to liquidate its assets. Current ratio is currently at 1.5x. Purple Corp. current liabilities is 500,000; non-current liabilities of 600,000. Also, for it's non-current assets, book value amount to P1,500,000. For the liquidation, current assets net realizable value is 80% while non- 54 current assets realizable value is 90%. Assuming Purple Corp, incurred P350,000, liquidation expenses, how much is the realizable value of the total assets if sold?

Answer rating: 100% (QA)

Total Current Assets can be computed as Current Ratio Current Liabilities Th... View the full answer