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A condensed balance sheet for Technology, Inc., appears in the following: Technology, Inc. Balance Sheet September 3 0 , 2 0 2 0 ( In
A condensed balance sheet for Technology, Inc., appears in the following:
Technology, Inc.
Balance Sheet
September
In millions
Assets
Current Assets
Cash and cash equivalents $
Shortterm marketable securities
Accounts receivable, net
Merchandise inventory
Other current assets
Total current assets
Noncurrent assets
Longterm marketable securities
Property, plant and equipment, net
Other assets
Total assets $
Liabilities and shareholders' equity
Current liabilities
Accounts payable $
Accrued expenses and other liabilities
Total current liabilities
Noncurrent liabilities
Longterm debt
Shareholders' equity
common stock
Retained earnings
Total liabilities and shareholders' equity $
Required:
compute the following shortterm liquidity ratios for and provide a brief explanation after each ratio round computations to two decimal places:
a current ratio
b quick ratio
c Debt to assets
d Debt to equity
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