The following financial information is from Shovels Construc…
The following financial information is from Shovels Construction Company: Accounts Payable$ 14,700Buildings88,000Cash10,900Accounts Receivable11,400Income Tax Payable3,700Retained Earnings46,000Supplies40,900Notes Payable (due in 18 months)32,000Interest Payable1,600Common Stock53,200 What is the amount of current assets, assuming the accounts above reflect normal activity?
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