Question

Based on the following data, what is the amount of current assets? Accounts payable $64500 Accounts...

Based on the following data, what is the amount of current assets?

Accounts payable $64500
Accounts receivable 118500
Cash 71500
Intangible assets 118500
Inventory 141000
Long-term investments 157000
Long-term liabilities 195500
Short-term investments 85000
Notes payable 56000
Property, plant, and equipment 133500
Prepaid insurance 1600

$276600

$275000

$417600

$259600

0 0
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Answer #1

Cash

71500

Account receivable

118500

Inventory

141000

Short term investment

85000

Prepaid insurance

1600

Total

417600

Therefore correct option is 3) $417,600

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