Question

Ch 2 cash and equivalents are $1,561; short-term investments are $1,052; accounts receivables are $3,616; accounts payable are $5,173; short-term debt is $288; inventories are $1,816; other current liabilities are $1,401; and other current assets are $707. what is the amount of total current liabilities?

Answer 1

Calculation of amount of total current liabilities:

Current liabilities are the liabilities which are to be paid within the next accounting period. From the given information, current liabilities are the following:

Accounts payable $5,173

Short-term debt $288

Other current liabilities $1,401

Hence the total current liabilities shall be (5173+288+1401) = $6862