The value of the current assets will be?
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Correct Answer: Option B
Explanation:
The current assets is the summation of all balance sheet assets that can be converted to cash within one year or less. Current assets include cash, cash equivalents, inventory, accounts receivables, prepaid expenses, and marketable securities. From the above table, the following make up current assets; prepaid expenses + stock + debtors +cash balance. Hence we have;
current assets = 290+4,500+4,956+905= 10,651
The current assets is the summation of all balance sheet assets that can be converted to cash within one year or less. Current assets include cash, cash equivalents, inventory, accounts receivables, prepaid expenses, and marketable securities. From the above table, the following make up current assets; prepaid expenses + stock + debtors +cash balance. Hence we have;
current assets = 290+4,500+4,956+905= 10,651