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can you also calculate the current ratio please. Calculate Acid-Test Ratio. # 5/5 ASSETS Cash= P50,000 Account receivable= P70,000 Inventory Prepaid= P90,000 EXPENSES Plant Assets=

can you also calculate the current ratio please.

Calculate Acid-Test Ratio. # 5/5 ASSETS Cash= P50,000 Account receivable= P70,000 Inventory Prepaid= P90,000 EXPENSES Plant Assets= P260,000 LIABILITIES Current liabilities= P75,000 Long-term liabilities= P95,000 Retained earnings= P65,000

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