What is the value of total assets if current assets equal $2200, current liabilities equal $1500, non-current liabilities equal $800 and shareholders' equity equals $2500?
A) $2200
B) $3700
C) $4800
D) $7000

Question

Quizplus · Accepted Answer

The total assets can be calculated as follows: 
Total assets = Current assets + Non-current assets 
Non-current assets = Shareholders' equity - Current liabilities - Non-current liabilities 
Non-current assets = $2500 - $1500 - $800 = $200 
Total assets = $2200 + $200 = $2400

Therefore, the correct answer is C ($4800).

What Is the Value of Total Assets If Current Assets