Question: Using the following information, compute total CURRENT ASSETS: Goodwill 9,000 Prepaid Expenses 1,100 Paid-in Capital 1,750 Cash 650 Property, Plant, and Equipment 10,000 Accounts Receivable

Using the following information, compute total CURRENT ASSETS:

Goodwill

9,000

Prepaid Expenses

1,100

Paid-in Capital

1,750

Cash

650

Property, Plant, and Equipment

10,000

Accounts Receivable

700

Retained Earnings

1,000

Inventory

4,000

Hint: An item that appears in the income statement does NOT also appear in the balance sheet.

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