A firm has $870 inventory, $2,110 in fixed assets, $890 in accounts receivables, $480 in net...

A firm has $870 inventory, $2,110 in fixed assets, $890 in accounts receivables, $480 in net working capital, and $340 in cash. What is the amount of the current liabilities?

Group of answer choices

$830

$1,620

$3,730

$490

Solutions

Expert Solution

Current assets = inventory + accounts receivable + cash

=870 + 890 + 340

=2100

net working capital = current assets - current liabilities

480 = 2100- current liabilities

current liabilities = 2100-480

=1620

So current liabilities is $1620

jeff jeffy answered 2 years ago

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