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AC is a new company, whose directors have approached its bank for financial assistance. The bank has asked for draft income statement and statement of financial position information to support the request for finance. The only information the directors have available is an estimate of revenue for the first year, together with some industry averages for the current year.
In the draft statement of financial position for AC, what would be the total of current assets? A. $570,000 B. $273,600 C. $182,400 D. $91,200 |