Question

Current assets of NorthPole.com at the end of each quarter were: 1st quarter $1.3 million, 2nd quarter $1.7 million, 3rd quarter $1.5 million and 4th quarter $2.2 million. The best estimate for North Pole's permanent current assets is:
A) $2.2 million.
B) $1.675 million.
C) $1.3 million.
D) $0.9 million.

Answer

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