PROBLEM #10 Cedric Corp has a current ratio of 3:1. The minimum desired ratio is 5:1. At present, the networking capitalis P40,000. How much current liabilities must be paid to achieve the minimum current ratio? PROBLEM #11 Abekoutah Company reported cost of goods sold of P250,000 and operating expenses of P150,000 (including depreciation of P20,000). Income taxes are 35%. The after-tax return on sales is 23.4%. How much was the sales revenue