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Consider the following information: Total assets 550% of trade and other receivables Current assets 35% of total assets Trade and other receivables P200,000 Prepaid expenses

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Consider the following information: Total assets 550% of trade and other receivables Current assets 35% of total assets Trade and other receivables P200,000 Prepaid expenses ? Mortgage payable 60% of total liabilities Property, plant, and equipment ? Capital 55% of total assets Cash P105,000 Loans receivable (long-term) 20% of non-current assets Trade and other payables ? Compute for the following: Prepaid expenses

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