. 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 m
erchandise.
$63,500.00
$90,048.00
$27,748.00
$88, 848.00
1 answer:
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.
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