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The Following Information Is Given for Camino Company What Are the Company's Current Assets?
A) $220,000
B) $155,000

Question 155

Multiple Choice

The following information is given for Camino Company:  Cash $50,000 Inventory $45,000 Land 75,000 Accumulated Depreciation 40,000 Plant & Equipment 150,000 Accounts Payable 60,000\begin{array} { l r l r } \text { Cash } & \$ 50,000 & \text { Inventory } & \$ 45,000 \\\text { Land } & 75,000 & \text { Accumulated Depreciation } & 40,000 \\\text { Plant \& Equipment } & 150,000 & \text { Accounts Payable } & 60,000\end{array} What are the company's current assets?


A) $220,000
B) $155,000
C) $130,000
D) $ 95,000

Correct Answer:

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