Current assets
Cash $79,100
Common stock trading 24,000
Available-for-sale 43,300
Accounts receivable $59,000
Less: Allowance for doubtful accounts 4,800 54,200
Inventories 52,000
Total current assets $252,600

Long-term investments
Life insurance policy 12,400
Equipment held for sale 4,000 16,400

Property, plant, and equipment
Equipment 126,000
Accumulated depreciation on equipment 40,000 86,000
Total property, plant, and equipment

Intangible assets
Patents 32,000
Franchises 9,000 41,000
Total assets $396,000



Okay so this is what I did but my current assets total is wrong... the total assets total is correct it is supposed to be 396000. I have a qustion about if the equipment held for sale is supposed to be under the long term investments. :confused:

It is nice to see what you did, but how did you get here?

Showing your final answer and saying it is wrong, is of a little help to us. Unless we can see hat you did to arrive at the answer, how can we help?

We don't have the question in front of us.

If Haynes company has working capital of $75,000 and current liabilities of $35000, what are its current assets?

Would it be
$11o,ooo
50,000
45,000
120,000