The amount of current assets, assuming the accounts above reflect normal activity is $60,000.
Current assets
Using this formula
Current assets=Cash+Account receivable+Supplies
Where:
Cash=$10,500
Accounts Receivable=$9,500
Supplies=$40,000
Let plug in the formula
Current assets=$10,500+$9,500+$40,000
Current assets=$60,000
Inconclusion the amount of current assets, assuming the accounts above reflect normal activity is $60,000.
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