Rooster’s currently has $5,200 in cash.The company owes $31,700 to suppliers for merchandise and $41,500 to the bank for a long-term loan.Customers owe the company $26,400 for their purchases.The inventory has a book value of $53,300 and an estimated market value of $56,500.If the store compiled a balance sheet as of today,what would be the book value of the current assets?

Question

Rooster&#8217;s currently has $5,200 in cash.The company owes $31,700 to suppliers for merchandise and $41,500 to the bank for a long-term loan.Customers owe the company $26,400 for their purchases.The inventory has a book value of $53,300 and an estimated market value of $56,500.If the store compiled a balance sheet as of today,what would be the book value of the current assets?

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The Answer of Rooster&#8217;s currently has $5,200 in cash.The company owes $31,700 to suppliers for merchandise and $41,500 to the bank for a long-term loan.Customers owe the company $26,400 for their purchases.The inventory has a book value of $53,300 and an estimated market value of $56,500.If the store compiled a balance sheet as of today,what would be the book value of the current assets?

Rooster’s Currently Has $5,200 in Cash