Midsomer Corp

question 13

Multiple Choice

Midsomer Corp. reported current assets of $390,900 and current liabilities of $337,000 on its most recent balance sheet. The current assets consisted of $52,000 Cash; $63,000 Accounts Receivable; $87,000 Short-term Investments; $9,900 Prepaid Expenses and $179,000 of Inventory. The company's quick assets equal:

• A)$115,000.
• B)$124,900.
• C)$139,000.
• D)$202,000.
• E)$211,900.

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Definitions:

Misery Loves Company

A common phrase indicating that people who are unhappy may get consolation from knowing others are unhappy too.

Hypothesis

A proposed explanation for a phenomenon, made as a starting point for further investigation, often based on limited evidence as a preliminary view.

Variable

An element, feature, or factor that is liable to vary or change; it's a core concept in scientific research and statistical analysis.

Lawful Order

A command or directive that is issued by someone in authority and is legally binding.