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Compute the company current asset balance

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Question - If a company has Assets of $100,000 and Liabilities totaling $74,000, how much is its Owners Equity?

A company has Cash = $100,000; Inventory = $150,000; Accounts Receivable = $50,000; Fixed Assets = $100,000; Long Term Liabilities = $50,000; and Accounts Payable = $25,000. Compute the company's Current Asset balance.

Sound Off Audio Store has the following on its Balance Sheet: Inventory = $11,000; Accounts Receivable = $13,000; Fixed Assets = $90,000; Owners Equity = $55,000; Total Liabilities = $100,000. Total Liabilities and Owners Equity = $155,000. Calculate the company's Cash balance.

A company has Cash = $200,000; Inventory = $250,000; Accounts Receivable = $150,000; Fixed Assets = $300,000; Long Term Liabilities = 50,000; and Accounts Payable = $75,000. Compute the company's Current Asset balance.

Reference no: EM133105238

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