Final answer:
To compute total assets for Cosmo Company, add together all of the company's assets, including current and non-current assets.
Step-by-step explanation:
Total assets for Cosmo Company can be computed by adding together all of the company's assets, including both current and non-current assets. Current assets typically include cash, accounts receivable, and inventory, while non-current assets may include property, plant, and equipment. By summing up the values of these assets, you can obtain the total assets for the Cosmo Company. For example, if the company has $100,000 in cash, $50,000 in accounts receivable, $200,000 in inventory, and $500,000 in property, plant, and equipment, the total assets would be $850,000.