Answer:
$783,400
Explanation:
The total assets comprise of current assets, fixed assets ,and the intangible assets
The current assets include cash, stock, account receivable, etc
Fixed assets include plant & machinery, land, equipment, furniture & fittings, etc.
And, the intangible assets include patents, copyrights, goodwill, etc.
So, the amount of the current assets is shown below:
= Inventory + cash + account receivable
= $417,600 + $51,900 + $313,900
= $783,400
The account payable is a current liabilities, Hence, we do not considered for the computation part
