If the US Supreme Court Were to Receive 5,000 Petitions for Certiorari

question 53

Multiple Choice

If the U.S. Supreme Court were to receive 5,000 petitions for certiorari, given past behavior of the Court, roughly how many cases would the Court be expected to hear?

• A)5,000
• B)2,500
• C)1,000
• D)100

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Definitions:

Current Ratio

A liquidity ratio; current assets are divided by current liabilities to indicate a company’s ability to pay its short-term debt. This ratio does not provide as much certainty as the acid test ratio.

Current Assets

Assets that can be converted into cash or used within one year or the normal operating cycle of the business, whichever is longer.

Common-Size Statements

Financial statements that are expressed as a percentage of a certain figure, allowing for easier comparison across time periods and companies by standardizing the data.

Percentage Of Change

A mathematical calculation used to determine the percentage increase or decrease of a value over a period of time.