Answer :
Answer:
Current Asset = 100,300
Explanation: $
Current Asset
Inventory 64,000
Accounts Receivables 24,000
Short Term Investment
Cash and Cash Equivalent 5,400
93,400 + X
Current Liabilities
Accounts Payable 43,000
Salaries Payable 15,000
Accrued Interest 1000
59,000
Current Ratio = Current Asset ÷ Current Liability
1.7 = 93400+X
1 59000
X+ 93400= 59000×1.7
X= 100300-93400
X = $6,900 ( Short Term Investments)
Current Asset= 93400+6900= 100,300