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XYZ Company has the following information for the year ended December 31, 2023: Item Amount ($) Cash 5,700,000 Accounts Receivable 3,600,000 Inventory 3,350,000 Prepaid Expenses
- XYZ Company has the following information for the year ended December 31, 2023:
Item | Amount ($) |
---|---|
Cash | 5,700,000 |
Accounts Receivable | 3,600,000 |
Inventory | 3,350,000 |
Prepaid Expenses | 1,400,000 |
Total Current Assets | ? |
Property, Plant, Equipment | 12,400,000 |
Accumulated Depreciation | 9,100,000 |
Total Assets | ? |
Requirements:
- Calculate the Total Current Assets.
- Calculate the Total Assets.
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