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Question - Based on the following data, what is the amount of current assets?
Accounts payable $64500
Accounts receivable 124500
Cash 67000
Intangible assets 124500
Inventory 140500
Long-term investments 174500
Long-term liabilities 194000
Short-term investments 75000
Notes payable 56500
Property, plant, and equipment 1350000
Prepaid insurance 2200
a. $251200
b. $266500
c. $268700
d. $409200
In a major metropolitan area, one chain of coffee shops has gained a large market share because customers feel its coffee tastes better than that of its competitors.
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