The following financial information is from MAKA Construction Company. Accounts payable Buildings Cash Accounts receivable Sales tax payable Retained earnings Supplies $14,500 85,000 11,600 10,000 2,900 46,400 41,800 Notes payable (due in 18 months) 26,000 Interest payable Common stock 1,000 57,600 What is the amount of current assets, assuming the accounts above reflect normal activity?

The following financial information is from MAKA Construction Company. Accounts payable Buildings Cash Accounts receivable Sales tax payable Retained earnings Supplies $14,500 85,000 11,600 10,000 2,900 46,400 41,800 Notes payable (due in 18 months) 26,000 Interest payable Common stock 1,000 57,600 What is the amount of current assets, assuming the accounts above reflect normal activity?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 32BEB

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