If current assets amounted to P600,000 and current liabilities amounted to P200,000, what is the current ratio of the entity? P800,000 P400,000 3 O 1/3 Net Sales for the year is P900,000. If cost of goods sold is P400,000, what is the gross profit ratio? * 0.4444 2.25 1.8 0.5555

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