Albertson and Roberts Reports the Following Account Balances: Inventory of $27,600

question 80

Multiple Choice

Albertson and Roberts reports the following account balances: inventory of $27,600, equipment of $128,300, accounts payable of $24,700, cash of $11,900, and accounts receivable of $31,900. What is the amount of the current assets?

• A) $46,700
• B) $56,000
• C) $71,400
• D) $175,000
• E) $199,700