La-Z-Boy Incorporated included the following information in its 2009 annual report (dollars in millions).

Define solvency and discuss how this information might be useful in assessing the company??s solvency position. what drawbacks are associated with using this information in such away?

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2009 2008 S 17 Cash Accounts receivable Inventory Other current assets 14 200 178 148 140 43 35 Total current assets Current liabilities $348 126 $222 S427 164 S263 Current assets minus current liabilities