Question

Please calculate the current assets for Debby Sportswear Inc. from the scrambled list of items presented...

Please calculate the current assets for Debby Sportswear Inc. from the scrambled list of items presented below:

Financial Data for Debby Sportswear Inc., December 31, 2015

Inventories $190,622

Interest expense $ 4,003

Cash $48,286

Sales (Revenue) $191,708

Accounts receivable $100,000

Operating expenses $525,000

Cost of goods sold $937,000

Accounts payable $38,167

Retained earnings $40,191

Accrued wages $43,259

Fixed assets (Properties, Plants and Equipments) $469,438

Please input the number (round the answer to the integer) WITHOUT dollar sign or comma.

* Not all items will be used to calculate the current assets.

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Answer #1

Current assets = cash + inventory + accounts receivable

Current assets = 48286 + 190622 + 100000 = 338908

Answer : 338908 [Thumbs up please]

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