Having the following information, how do I compute total current assets.
Land
$ 9,000
Machinery
1,100
Accounts payable
1,750
Cash
400
Buildings
10,000
Accounts receivable
950
Retained earnings
1,000
Inventory
4,000
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Having the following information, how do I compute total current assets.
Land
$ 9,000
Machinery
1,100
Accounts payable
1,750
Cash
400
Buildings
10,000
Accounts receivable
950
Retained earnings
1,000
Inventory
4,000
What do YOU think the answer is?
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Rude
There are only three accunts that you have listed that are current assets; Cash, Accounts Receivable, and Inventory.
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