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CUCHILALLEMPLIFIgless Based on the following data, what is the amount of current assets? Accounts payable Accounts receivable
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Answer #1

The total amount of current assets

The total amount of current assets = Accounts receivables + Cash + Inventory + Short-term investments + Prepaid insurance

= $116,000 + $74,000 + $145,000 + $85,000 + $2,000

= $422,000

“Hence, the total current assets will be $422,000”

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