the trial balance of a company included the following account balances: Cash, $2

Question

the trial balance of a company included the following account balances: Cash, $25,000; short-term investments, $10,000; accounts receivable, $40,000; inventory, $90,000; and prepaid insurance, $12,000. It's quick assets total:

Question 1 of 1 The trial balance of a company included the following account balances: Cash, $25,000, Short-Term Investments, $10,000, Accounts Receivable, $40,000, Inventory, $90,000, and Prepaid Insurance, $12,000 its quick assets totat $35,000 $125,000 $75,000 $165,000 $50,000 submit answer & continue

Explanation / Answer

$75,000 Statement showing computations Particulars Amount Cash                   25,000.00 Short Term Investments                   10,000.00 Accounts Receivable                   40,000.00 Quick Assets                   75,000.00

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