Reference no: EM132904295

MARY, PAMELA ANN, and ROSE ANN are partners dividing profit and losses of the partnership in the agreed ratio of 1:2:3. The following are the ledger balances at the start of liquidation:

Cash P50, 000                              Accounts payable P120, 000
Noncash assets 670, 000                Loan Payable - ROSE 10, 000
Loans Receivable - MARIE 30, 000      Loan Payable - ANNE 20, 000
                                                 MARY, Capital 150, 000
                                                      ROSE, Capital 200, 000
-                                             ANNE, Capital 250, 000
Total P750, 000                              Total P750, 000

Problem 1: If MARY received P38, 333 in the 1st distribution, how much cash did ANNE receive?