Asked by Clash Clans on May 17, 2024
Verified
Zucker Global Products, Inc. had current liabilities of $453,190; cash of $220,250; accounts receivable of $100,350; and ending inventory of $225,670. Compute the total current assets.
Total Current Assets
The sum of all assets expected to be converted into cash within one year.
Accounts Receivable
Money owed to a company by its debtors for goods and services that have been delivered but not yet paid for.
Current Liabilities
Financial obligations or debts of a business that are due to be paid within one year.
- Calculate the sum of total current assets.
Verified Answer
0:
Learning Objectives
- Calculate the sum of total current assets.