Multiple Choice
Calculate total current assets given the following information. Cash $10,000; supplies $3,000; average collection period 54.75 days; days' sales in inventory 91.25 days; sales $80,000; COGS $60,000.
A) $42,000
B) $40,000
C) $38,000
D) $36,000
E) $34,000
Correct Answer:
Verified
Correct Answer:
Verified
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