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Consider the following information: Accounts payable: $23,000 Accumulated depreciation: $312,000 Cash: $50,000 Gross fixed assets: $1,280,000 Short-term notes payable: $10,500 Other current assets: $5,000 Common
Consider the following information: Accounts payable: $23,000 Accumulated depreciation: $312,000 Cash: $50,000 Gross fixed assets: $1,280,000 Short-term notes payable: $10,500 Other current assets: $5,000 Common stock: $490,000 Retained earnings: $397,200 Long-term debt: $200,000 Other assets: $15,000 Inventories: $40,000 Accounts receivables: $42,700 Find the total current assets. O A. $68,098 OB. $89,762 O C. $120,560 O D. $137,700 O E. None of the above
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