Question 21 1 pts A company has total assets of P120,000, current assets of P80,000, total liabilities of P50,000, and current liabilities of P25,000. What is the current ratio? O 1.60:1 O 4.80:1 O 3.20:1 O 2.40:1Question 22 1 pts Given an acid test ratio of 2.0, current assets of P 5,000 and inventory of P 2,000, the value of current liabilities is O P6,000 O P2,500 O P1.500 O P3,500Question 23 1 pts Based on the data presented below, what is Beta Corporation's cost of sales for the year? Current Ratio- 3.5; Acid test ratio - 3.0; Year-end current liabilities - P600,000; Beginning inventory P 500,000; Inventory turnover 8.0 O P3,200,000 O P6,400,000 O P1,600,000 O P2,400,000