As Dean calculates his current assets for his used video game store, he is sure to include which of the following?
A) Merchandise inventory
B) Accrued liabilities
C) Fixed assets
D) Notes receivable
E) Retained earnings

Question

Quizplus · Accepted Answer

Current assets can normally be converted to cash within one year. For retailers, current assets are primarily cash, merchandise inventory, and other assets such as accounts receivable.

As Dean Calculates His Current Assets for His Used Video