What Is the Value of Current Assets A)$ 50,000
B)$ 58,000
C)$ 85,000
D)$ 115,000

Multiple Choice

What is the value of current assets? $$\begin{array} { l l l l } \text { Cash } & \$ 50,000 & \text { Irventory } & \$ 9,000 \\\text { Sales } & \$ 30,000 & \text { Accounts Payable } & \$ 9,000 \\\text { Cost of Goods Sold } & \$ 8,000 & \text { Accourts Receivable } & \$ 18,000 \\\text { Prepaid Irsurance } & \$ 8,000 & \text { Insurance Expense } \$ 9,000 & \\& & \text { Long-Tern Liabilities (due withirn one year) } & \$ 30,000\end{array}$$

A) $ 50,000
B) $ 58,000
C) $ 85,000
D) $ 115,000