Marcus Manufacturers reports the following information at the end of the current year: What is the amount of total current assets reported for Marcus Manufacturers at year-end?
A) $119,000
B) $216,000
C) $225,000
D) $350,000

Question

Marcus Manufacturers reports the following information at the end of the current year:  What is the amount of total current assets reported for Marcus Manufacturers at year-end?
A) $119,000 
B) $216,000 
C) $225,000 
D) $350,000

Quizplus · Accepted Answer

Total Current Assets = Cash + Accounts Receivable + Finished Goods Inventory + Work-In-Process Inventory + Raw Materials Inventory + Prepaid Expenses = $68,000 + $42,000 + $35,000 + $27,000 + $44,000 + 9,000 = $225,000

Marcus Manufacturers Reports the Following Information at the End of the Current