Determine current assets and total assets

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Reference no: EM1312720

Calculation of Current Assets, Total Assets & Net Income.

Calculate
1) Current Assets
2) Total Assets
3) Net Income based on the number listed below.
Be sure to clearly label your answer and show all work

Cash	10,000
Accounts payable	20,000
Land	100,000
Common Stock	500,000
Merchandise Inventory	75,000
Sales	150,000
Rent Expense	25,000
Salaries Expense	35,000

Reference no: EM1312720

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