013 Financial data Cash Cost of goods sold 90555 Short term

0.13 Financial data Cash Cost of goods sold 90,555 Short term debt Sales(revenue) Building Long term debt Expenses Inventony Interest expense Equipment Accounts payable 122,000 Accounts receivable 36.000 Equity Marketable securities 150,000 Flag question 12.000 100,000 241,055 175,000 120,000 73,555 37,955 6,000 32,733 35,000 As of December 31, 2012 what are the current assets for Peter\'s Cookies Select one O a. $325,955 O b. $352,955 O c. $235,955 O d. $253,555

Solution

Current Assets for Peter’s Cookies = Cash + Inventory + Accounts Receivables + Marketable Securities

= $12,000 + 37,955 + 36,000 + 150,000

= $2,35,955

Hence, The Answer is “C. $235,955”