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The Draiman,Inc

Question 55

Multiple Choice

The Draiman,Inc.currently has $3,600 in cash.The company owes $41,800 to suppliers for merchandise and $21,500 to the bank for a long-term loan.Customers owe The Draiman $18,000 for their purchases.The inventory has a book value of $53,300 and an estimated market value of $61,200.If the store compiled a balance sheet as of today,what would be the book value of the current assets?


A) $46,800
B) $55,600
C) $64,700
D) $74,900
E) $96,500

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