What I Have Learned Activity 1.3 Answer the following: 1. Learning Rag Company had current assets amounting to Php 200,000. Non- current assets for the year totaled Php 57,000. How much is the company's total assets? 2. Tummy Selling's had the following accounts at year end: Cash-125,000 Accounts Payable-70,000. Prepaid Expense-15,000. Compute for the company's current assets. 3. Tummy Selling's Accounts Receivable amounted to Php 450,000. Prepaid Expense Php 20,000. Cash balance amounted to Php 200,000 while Accounts Payable and Inventory totaled to Php 30,000 and Php 20,000 respectively. How much is the company's Current assets and the Current liabilities? 4. Company's Total Liabilities and Equity amounted to Php 375,000. Total noncurrent assets ended at Php 75,000. Cash totaled Php 40,000. Inventory amounted to Php 90,000. Assuming the company had no other assets, how much is Accounts Receivable? 5. Total assets amounted to Php 465,000. Total equity amounted to Php 195,000. Accounts Payable amounted to Php 55,000 while Unearned Income totaled Php 95,000. Assuming there are no other current liabilities, compute for the company's non-current liabilities