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Determine the current assets for the year

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Reference no: EM133172985

Question - Agency QQQ had the following account balances for the year 2011:

Dr(Cr)

Cash P5,000,000

Receivables 10,000,000

Marketable Securities 18,000,000

Fixed Assets 95,000,000

Long Term Investment 5,000,000

Other Assets 8,000,000

Inventories 7,000,000

Prepaid Expenses 2,000,000

Accumulated Depreciation (5,000,000)

Required - Determine the current assets for the year 2011?

Reference no: EM133172985

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