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64 The following balances came from the books of Mugunghwa Kkochi Pieot Seumnida (MKPS) Company: Cash = P100,000 Accounts Receivable = P20,000 Machinery = 30,000 Accounts Payable = 25,000 Mortgage payable = 30,000 LA What is the current ratio based on the details given? * (1 Point) Enter your answer 65 The total accounts receivable of Mugunghwa Kkochi Pieot Seumnida (MKPS) Company were as follows: January 1, 2019, P 380,000; January 31, 2019, P 470,000. In January, P. 900,000 was collected on accounts; P 90,000 was received from cash sales; accounts receivable of P 60,000 was written off as uncollectible and sales return and allowances amounted to P 25,000. Compute the total sales in January, * (1 Point) P 1,105,000 P-1,195,000 P 1,170,000 P 1,135,000 66 Effect of profit if you put up a business: (1 Point) assets will increase so will net worth assets will increase so will liabilities assets, liabilities and net worth will all increase debts can be paid but net worth will decrease