Theo Company's Accounts Receivable amounted to P^(500),000. Prepaid Expense and Unearned Income are 30,000 and 10,000 respectively. Cash balance amounted to P^(100),000 while Accounts Payable and Inventory are P^(20),000 and P 10,000 respectively. Calculate how much is the company's current assets?

Answer rating: 100% (QA)

The companys current assets can be calculated by summing up its acco... View the full answer