The Pioneer Company has provided the following account balances: Cash $38,600; Short-term investments $4,600; Accounts receivable $51,000; Supplies $6,600; Long-term notes receivable $2,600; Equipment $99,000; Factory Building $186,000; Intangible assets $6,600; Accounts payable $29,400; Accrued liabilities payable $3,700; Short-term notes payable $15,200; Long-term notes payable $95,000; Common stock $186,000; Retained earnings $65,700. What are Pioneer's total current assets?

Question

Business

Francesca Levy

19 April, 12:34

The Pioneer Company has provided the following account balances: Cash $38,600; Short-term investments $4,600; Accounts receivable $51,000; Supplies $6,600; Long-term notes receivable $2,600; Equipment $99,000; Factory Building $186,000; Intangible assets $6,600; Accounts payable $29,400; Accrued liabilities payable $3,700; Short-term notes payable $15,200; Long-term notes payable $95,000; Common stock $186,000; Retained earnings $65,700. What are Pioneer's total current assets?

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Answers (1)

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Dereon Sherman · Answer 1

Total Current Assets $ 100,800

Explanation:

The current asset are those assets which are cash cash or the firm expect to convert in cash within a 12 month period (one-year)

Assets with a useful life or collection date longer than a year will be considered non-current thus, non included in current asset

Cash $ 38,600

Short-term investments $ 4,600

Accounts receivable $ 51,000

Supplies $ 6,600

Total Current Assets $ 100,800