If owner's equity is P125, 000 which is 40% of the total assets, how much is the total liabilities

of the business?

2. If the economic resources of a business amount to P2,400,000 and its residual interest amounts

to P1,995,000, what is the amount of its economic obligations?

3. The economic resources of a business amount to P1,600,000 and its economic obligations

amount to P788,000, what would be its residual interest?

4. If the total owner's equity is P580,000 which is of the total assets, what is the amount of the

residual interest of the business?

5. If the economic obligations of a business amount to P160,000 and its residual interest amounts

to P264,000, what would be the amount of the economic resources of the business?