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What is the amount of current assets for a company

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Reference no: EM133011323

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

Problem 1: 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: EM133011323

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