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What is the amount of current assets

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Reference no: EM132499037

Question - The following information is provided for a company.

Accounts payable $15,000

Buildings 80,000

Cash 10,500

Accounts receivable 9,500

Salaries payable 4,500

Retained earnings 47,500

Supplies 40,000

Notes payable (due in 18 months) 35,000

Interest payable 3,000

Common stock 35,000

What is the amount of current assets, assuming the accounts above reflect normal activity?

a. $20,000

b. $60,000

c. $140,000

d. $175,000

Reference no: EM132499037

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