Albertson and Roberts reports the following account balances: inventory of $27,600, equipment of $128,300, accounts payable of $24,700, cash of $11,900, and accounts receivable of $31,900. What is the amount of the current assets?

Question

Quizplus · Accepted Answer

Current assets include inventory, cash, and accounts receivable. Adding these gives $27,600 + $11,900 + $31,900 = $71,400.

Albertson and Roberts Reports the Following Account Balances: Inventory of $27,600