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The following information is available for ABC Company on December 31, 2020: nventory (unchanged from beginning level) $90,000 Common stock 112,500 Total stockholders' equity 217,500
The following information is available for ABC Company on December 31, 2020: nventory (unchanged from beginning level) $90,000 Common stock 112,500 Total stockholders' equity 217,500 Current ratio 225 to 1 nventory turnover (in times) 164 Days' sales in receivables 144 Gross Profit % 25% Debt (all current) to equity 1 to 2.5 Required: Based on the above information, the total current assets on December 31, 2020, are:
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