What is the amount of working capital of WWE as of December 31,2021?
For the purpose of stating the
Cash in bank, net of bank overdraft of P500,000 P5,000,000
Petty cash (unreplenished petty cash expenses, P10,000) 50,000
Notes receivable 4,000,000
Inventory 3,500,000
Bond sinking fund 3,000,000
Total current assets P21,550,000
Accounts payable, net of accounts with debit balances of P1,000,000 P7,000,000
Notes payable 4,000,000
Bonds payable due June 30,2022 3,000,000
Accrued expenses 2,000,000
Total current liabilities P16,000,000
What is the amount of working capital of WWE as of December 31,2021?
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