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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

  1. XYZ Company has the following information for the year ended December 31, 2023:
ItemAmount ($)
Cash5,700,000
Accounts Receivable3,600,000
Inventory3,350,000
Prepaid Expenses1,400,000
Total Current Assets?
Property, Plant, Equipment12,400,000
Accumulated Depreciation9,100,000
Total Assets?

Requirements:

  1. Calculate the Total Current Assets.
  2. Calculate the Total Assets.

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