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At the end of 2016, the total assets of XYZ Store amounted to P650, 000, 40% of which is current. Total liabilities are P120, 000.
At the end of 2016, the total assets of XYZ Store amounted to P650, 000, 40% of which is current. Total liabilities are P120, 000. During the year, the company registered total revenue of P850, 000, cost of goods sold is 40% and selling and general expenses are 20%.XYZ, Capital is
Select one:
a. P770,000
b. P850,000
c. P530,000
d. P320,000
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