Compute the consolidated receivables and inventory for 2018.
A) $1,200.
B) $1,515.
C) $1,540.
D) $1,800.
E) $2,140.

Question

Quizplus · Accepted Answer

To compute the consolidated receivables and inventory, we need to add up the values for both subsidiaries given in the table.
Consolidated receivables = $1,200 + $340 = $1,540
Consolidated inventory = $800 + $500 + $400 + $60 = $1,760
Therefore, the correct answer is C, $1,540.

Compute the Consolidated Receivables and Inventory for 2018