A firm has $300 in inventory, $600 in fixed assets, $200 in accounts receivables, $100 in accounts payable, and $50 in cash. What is the amount of the current assets?

Name: A firm has $300 in inventory, $600 in fixed assets, $200 in accounts receivables, $100 in accounts payable, and $50 in cash. What is the amount of the current assets?
Brand: Quizplus
Rating: 4.9 (53 reviews)

Question

Quizplus · Accepted Answer

Current assets include inventory, accounts receivables, and cash. So, $300 (inventory) + $200 (accounts receivables) + $50 (cash) = $550.

A Firm Has $300 in Inventory, $600 in Fixed Assets