A Firm Has $300 in Inventory, $600 in Fixed Assets

question 90

Multiple Choice

A firm has $300 in inventory, $600 in fixed assets, $200 in accounts receivable, $100 in accounts payable, and $50 in cash.What is the amount of the current assets?

• A)$500
• B)$550
• C)$600
• D)$1,150
• E)$1,200