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What is amount of West Companys total current liabilities

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Reference no: EM132521086

Question - The following is selected financial information for West Company:

Cash: $40,000

Prepaid insurance: 15,000

Retained earnings: 125,000

Inventory: 75,000

Unearned revenue: 20,000

Salary expense: 75,000

Depreciation expense: 25.000

Property, plant, and equipment: 450,000

Accumulated depreciation: 90,000

Accounts payable: 100,000

Long-term notes payable (due in 5 years): 275,000

Sales revenue: 418,000

Salaries payable: 5,000

Common stock: 50,000

Accounts receivable: 85,000

Cost of goods sold: 220,000

Required - What is the amount of West Company's total current liabilities?

a. $100,000

b. $105,000

c. $125,000

d. $400,000

Reference no: EM132521086

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