Current assets Cash P4,000 Marketable securities 8,000 Accounts receivable 100,000 Inventories 120,000 Prepaid expenses 1,000 Total current assets P233.000 Current liabilities Notes payable P5,000...

Killua Corporation’s Statement of Financial Positions at December 31, 2021, shows the following: (check the attached photo)

Determine the following:

• 
  net working capital;
  


• 
   current ratio; and
  


• 
  quick ratio.
  

Extracted text: Current assets Cash P4,000 Marketable securities 8,000 Accounts receivable 100,000 Inventories 120,000 Prepaid expenses 1,000 Total current assets P233.000 Current liabilities Notes payable P5,000 Accounts payable Accrued expenses Income taxes payable 150,000 20,000 1,000 Total current liabilities P176,000 Long-term liabilities P340,000