Asked by Makayla Chairez on May 15, 2024
Verified
Blackstone Buildings, Inc. had current liabilities of $450,600; cash of $310,360; accounts receivable of $165,242; and ending inventory of $210,450. Compute its total current assets.
Total Current Assets
The sum of all assets of a company expected to be converted into cash within one financial year.
Accounts Receivable
Money owed to a business by its clients or customers for goods or services delivered or used but not yet paid for.
Current Liabilities
Financial obligations a company owes and is due to pay within a year.
- Compute total current assets.
Verified Answer
GC
Learning Objectives
- Compute total current assets.