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Use the table below to Calculate the temporary current assets if 25% of current assets are temporary Assets $ Liabilities & Shareholders Equity $ Cash
Use the table below to Calculate the temporary current assets if 25% of current assets are temporary
Assets | $ |
| Liabilities & Shareholders Equity | $ |
Cash | 150,000 | Accounts Payable | 100,000 | |
Inventory | 120,000 | Notes Payable | 90,000 | |
Accounts Receivable | 80,000 | Long Term Debt | 120,000 | |
Fixed Assets | 500,000 | Common Equity | 540,000 | |
Total Assets | 850,000 | Total Liabilities & Equity | 850,000
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