Cash and cash equivalents $ 5,000
Accounts receivable (net) 20,000
Inventories 60,000
Property, plant, and equipment (net) 120,000
Accounts payable 44,000
Wages payable 15,000
Paid-in-capital 100,000
How do you compute total current assests?

A current asset is an asset that is or can be converted into cash within one year or one business cycle. So:
Cash is a current asset
Accounts Receivable is a current asset
Inventory is a current asset
Property, Plant, & Equipment is a fixed asset
Accounts Payable is a current liability
Wages Payable is a current liability
Paid-in Capital is Owners Equity