Question: please ignore the placed answer Presented below is information available for Green Company. Current Assets Inventories P385,000 Prepaid expenses 105,000 Accounts receivable 213,500 Short-term investments

please ignore the placed answer Presented below is information available for

please ignore the placed answer

Presented below is information available for Green Company. Current Assets Inventories P385,000 Prepaid expenses 105,000 Accounts receivable 213,500 Short-term investments 262,500 Cash 14,000 Total current assets P980,000 Total current liabilities are P420,000. The acid-test/quick ratio for Green is 1.17 to 1. O 2.08 to 1. O 2.33 to 1. 0.54 to 1

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