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There are three assets listed under current assets cash, accounts receivable, and inventory. Cash has a balance of $15,200. Sales was $1,530,000 and cost of
There are three assets listed under current assets cash, accounts receivable, and inventory. Cash has a balance of $15,200. Sales was $1,530,000 and cost of goods sold was $657,000 for the year. The inventory turnover was 5.4 and receivables turnover was 6.5. Calculate total current assets.
Select one:
a. $391,314
b. $374,284
c. $397,414
d. $358,533
e. $372,251
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