Bevco Company Has Provided the Following Information from Its Accounting

question 195

Multiple Choice

Bevco Company has provided the following information from its accounting records for the current year: $$\begin{array} { l r l r } \text { Cash } & \$ 55,000 & \text { Accounts receivable } & \$ 45,000 \\\text { Inventory } & 65,000 & \text { Land } & 75,000 \\\text { Accounts payable } & 50,000 & \text { Notes payable (due 2020) } & 150,000 \\\text { Retained earnings } & ? & \text { Capital stock } & 20,000\end{array}$$
-Read the information for Bevco Corporation.What are Bevco' current assets?

• A) $ 100,000
• B) $ 165,000
• C) $ 210,000
• D) $ 240,000