Use the following excerpt of Dragonfly Corporation's asset balances to compute Dragonfly's working capital and current ratio

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Use the following excerpt of Dragonfly Corporation's asset balances to compute Dragonfly's working capital and current ratio for 2019 and 2018. Comment on Dragonfly's liquidity and changes in liquidity from 2018 to 2019. Dragonfly's current liabilities are $89,754 million and $82,271 million in 2019 and 2018. respectively.

Assets (dollarsin millions) 2019 2018 Cuirent assets $ 13,420 $ 19,355 Cash and cash equivaents Marketable secur ties 7,

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Intermediate Accounting

ISBN: 978-0134730370

2nd edition

Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella

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