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Mahalo Tours Currently Has $10,500 in Cash

Question 58

Multiple Choice

Mahalo Tours currently has $10,500 in cash.The company owes $26,900 to suppliers for merchandise and $47,500 to the bank for a long-term loan.Customers owe the company $33,000 for their purchases.The inventory has a book value of $62,400 and an estimated market value of $65,600.If the store compiled a balance sheet as of today, what would be the book value of the current assets?


A) $100,700
B) $79,500
C) $85,700
D) $105,900
E) $117,500

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