Question

. Find the current assets of a clothing store that has $62,300.00 in cash, $1,200.00 in accounts receivable, and $26,548.00 in merchandise.

$63,500.00
$90,048.00
$27,748.00
$88, 848.00

Answer 1

Current assets is the sum of cash in hand, accounts receivable, and merchandise.

So we need to find the sum of all the figures given in the question.

Current assets = Cash in hand + Accounts receivable + Merchandise

Current assets = $62,300 + $1200 + $26,548 = $90,048

So $90,048 is the final answer.