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What is the amount of current assets

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Reference no: EM131720296

Question - The following financial information is from Shovels Construction Company.

  Accounts payable $14,500  
  Buildings 85,000  
  Cash 11,600  
  Accounts receivable 10,000  
  Sales tax payable 2,900  
  Retained earnings 46,400  
  Supplies 41,800  
  Notes payable (due in 18 months) 26,000  
  Interest payable 1,000  
  Common stock 57,600  

What is the amount of current assets, assuming the accounts above reflect normal activity?

Reference no: EM131720296

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