Ankaran Enterprises currently has $$800$ in cash, and total assets of $$20,700.$ The company owes $$1,200$ to suppliers for merchandise and $$4,700$ to the bank for a long$-$term loan. Customers owe Ankaran's $$2,200.$ The inventory has a book value of $$5,100$ and an estimated market value of $$5,400.$ If Ankaran's compiled a financial statement today, how much would it show as the value of the current assets?

Answer rating: 100% (QA)

Given Cash 800 Accounts Receivable Customers owe Ankarans 2200 Book value of i... View the full answer