The total equity of the business is P500, 000. Owner’s equity is P400, 000. Plant and Equipment is 45% of total Assets, the total current assets isSelect one:a.P220, 000b.P100,000c.P225, 000d.P275, 000
Question
The total equity of the business is P500, 000. Owner’s equity is P400, 000. Plant and Equipment is 45% of total Assets, the total current assets isSelect one:a.P220, 000b.P100,000c.P225, 000d.P275, 000
Solution
The question seems to be incomplete. It mentions that the total equity of the business is P500,000 and the owner's equity is P400,000. It also mentions that Plant and Equipment is 45% of total assets. However, it does not provide information on the total assets or any other liabilities. Without this information, it is not possible to calculate the total current assets. Please provide the complete information.
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