Explore BrainMass

Explore BrainMass

    Current Assets

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Your firm has the following sheet statement items total current liabilities of $805,000.00; total assets of $2,655,000.00; fixed and other assets of $1,770,000.00 and long term debt of $200,000.00. What is the amount of the firm's total current assets?
    1. $885,000.00
    2. $1,550,000.00
    3. $600,000.00
    4. $325,000.00

    © BrainMass Inc. brainmass.com October 1, 2020, 11:08 pm ad1c9bdddf

    Solution Preview

    For this problem the following equation needs to be ...

    Solution Summary

    This solution calculates the total current asset of a firm given balance sheet data.