Sears Holdings Corporation (SHLD) is one of the largest mall based retailers in the United States The following year end data were taken from a recent Sears balance sheet (in millions) a Compute the working capital and the current ratio as of December 31, Year 1 and Year 2 Round to two decimal plac...

a December 31 Year 2 Year 1 Current assets 6045 5863 Current ...

Sears Holdings Corporation (SHLD) is one of the largest mall-based retailers in the United States. The following

Question:

Sears Holdings (SHLD) is one of the largest mall-based retailers in the United States. The following year-end data were taken from a recent Sears (in millions):

December 31 Year 2 Year 1 $6,045 $5,863 5,438 5,595 Current assets Current liabilities

a. Compute the working capital and the current ratio as of December 31, Year 1 and Year 2. Round to two decimal places.
b. What conclusions concerning the company€™s ability to meet its short term obligations can you draw from part (a)?

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...

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