Prepare the current assets section of the balance sheet for sheridan company. assume that in addition to the receivables it has cash of $91,900, inventory of $136,500, and prepaid insurance of $9,300.

See explanation section

Explanation:

                            Sheridan Company

     Statement of Financial Position (Balance Sheet)

                       As at December 31, 2018

Particulars                                           Amount ($)

Cash                                                       $91,900

Accounts receivable      xxx,xxx

Less: Bad debt                 xx,xxx

                                                                xxx,xxx

Inventory                                                136,500

Prepaid Insurance                                     9,300

Total Current Assets                          $237,700

Note: If we have accounts receivables and bad debt expense, we can easily get the accurate answer.

there was no passage listed but using the process of elimination i'd say it was d. the high economy would do the opposite. i don't see how low prices would affect it. high unemployment is possible but i feel d is the better answer.