Question: Current AssetsCurrent liabilities$ 1 4 , 5 8 8 $ 1 7 , 6 3 1 Accounts payable$ 5 5 , 6 5 3 $

Current AssetsCurrent liabilities$14,588$17,631Accounts payable$55,653$63,073CashAccounts receivable35,25841,019Notes payable21,89525,324Inventory65,56771,505Total$77,548$88,397Total$115,413$130,155Long-term debt$58,000$62,000Owners' equityCommon stock andpaid-in surplus$60,000$60,000Retained earnings397,278418,179$477,413$498,421Total$457,278$478,179Net plant and equipmentTotal liabilities and$592,826$628,576owners' equity$592,826$628,576Total assets

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