Current Assets of SantasElves

question 53

Multiple Choice

Current assets of SantasElves.com at the end of each quarter were: first quarter $1.3 million, second quarter $1.7 million, third quarter $1.5 million and fourth quarter $2.2 million.The best estimate for Santa's Elves permanent current assets is [blank].

• A)$2.2 million
• B)$1.675 million
• C)$1.3 million
• D)$0.9 million

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