Question: (Learning Objective 3: Classifying assets based on liquidity) A thorough review of PS Broadcasting assets at the end of December 31, 20X5 resulted in the

(Learning Objective 3: Classifying assets based on liquidity) A thorough review of PS Broadcasting assets at the end of December 31, 20X5 resulted in the following information.

■ Cash on hand and cash at bank totaled €238,000

■ Fixed term deposits with banks totaled €160,000 (matures July 1, 20X7)

■ Inventories totaling €124,000

■ Trade receivables totaling €185,000

■ Loans to employees of €36,000, 30% of which is due by end of 20X6

■ PPE with a historical cost of €182,000 and accumulated depreciation of €58,000

■ Investment in associate companies using equity method at €65,000

■ Short-term investment in publicly traded shares of listed companies at €22,000 What are PS Broadcasting’s current and non-current assets?

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