Use the following data to determine the total dollar amount of assets to be classified as current assets.
Cash and cash equivalents Accounts receivable Inventory Prepaid insurance Stock investments Land Buildings Less: Accumulated depreciation Trademarks Total assets 0 $567500 0 $373500 0 $312200 0 $235000 (67000) Pina Colada Corp. Balance Sheet December 31, 2022 $74000 86000 138500 75000 1 94000 1 96000 $207000 140000 126000 $1029500 Accounts payable Salaries and wages payable Bonds payable Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $137500 17200 157500 $312200 $235300 482000 $717300 $1029500 Using the following balance sheet and income statement data, what is the current ratio? Current assets $38500 Net income $43300 Current liabilities 14800 Sto'fkhOIderS 79800 eqUIty Average assets 157700 Total liabilities 41500 Total assets 130000 Average common shares outstanding was 15600. 02.621 03.021 00.421 02.721 Based on the following data, what is the amount of current assets? Accounts payable $62000 Accounts receivable 113500 Cash 71500 Intangible assets 113500 Inventory 138000 Long-term investments 166500 Long-term liabilities 193000 Short-term investments 78500 Notes payable 55500 Property, plant, and equipment 1300000 Prepaid insurance 2100 O $265600 0 $245600 0 $263500 0 $403600 Sunland Company started the year with total assets of $318000 and total liabilities of $258000. During the year the business recorded $631000 in revenues, $326000 in expenses, and dividends of $55000. The net income reported by Sunland Company for the year was 0 $185000. 0 $305000. 0 $250000. 0 $575000. The Bramble Corp. has five plants nationwide that cost $295 million. The current fair value of the plants is $490 million. The plants will be reported as assets at O $785 million. O $195 million. O $490 million. O $295 million.X Your answer is incorrect. Novak Corp. compiled the following Service revenue $11 Common stockNovak Corp. compiled the following financial information as of December 31, 2022: Service revenue $1181000 Common stock 246000 Equipment 311000 Salaries and wages expense 386400 Rent expense 96600 Depreciation expense 483000 Cash 275000 Dividends 82000 Supplies 35000 Accounts payable 162000 Accounts receivable 103500 Retained earnings, 1/1/22 599000 Novak's total assets at December 31, 2022 are: O $1905500. O $1323500.Novak Corp. compiled the following financial information as of December 31, 2022: Service revenue $1181000 Common stock 246000 Equipment 311000 Salaries and wages expense 386400 Rent expense 96600 Depreciation expense 483000 Cash 275000 Dividends 82000 Supplies 35000 Accounts payable 162000 Accounts receivable 103500 Retained earnings, 1/1/22 599000 Novak's total assets at December 31, 2022 are: O $1905500. O $1323500. O $622000. O $724500
