What is the amount of current assets

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The following financial information is from Shovels Construction Company:

Accounts payable$14,800

Buildings 88,000 Cash 11,600

Accounts receivable 10,800

Sales tax payable 3,300

Retained earnings 46,200

Supplies 40,100 Notes payable (due in 18 months) 32,000

Interest payable 2,400

Common stock 51,800

Problem 1: What is the amount of current assets, assuming the accounts above reflect normal activity?

Reference no: EM132933362

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