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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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