Salim Incorporated recorded the following transactions involving current assets and current liabilities during February 2021. Additional information: 1. As at 1 February 2021, current assets were P280,000, and current liabilities were P100,000. 2. As at 1 February 2021 current assets included P30,000 of merchandise inventory and P4,000 of prepaid expenses. REQUIRED: (a) Calculate the current ratio as of the beginning of the month and after each transaction. (b) Calculate the acid-test ratio as of the beginning of the month and after each transaction