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Use the following information to answer the question about BobCat Co . at the end of 2017: Accounts receivable $44,890 Accounts payable 6,405 Cash 16,070
Use the following information to answer the question about BobCat Co. at the end of 2017:
| Accounts receivable | $44,890 |
| Accounts payable | 6,405 |
| Cash | 16,070 |
| Common stock | 42,500 |
| Long-term notes payable | 20,600 |
| Merchandise inventory | 28,475 |
| Salary Payable | 28,170 |
| Retained earnings | 50,465 |
| Prepaid insurance | 2,365 |
Current liabilities are:
- A. 6,405
- B. 20,600
- C. 34,575
- D. 36,940
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