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b) Which current asset is the most significant? Which noncurrent asset is the most significant? Are the relative proportions of current and noncurrent assets what
b) Which current asset is the most significant? Which noncurrent asset is the most significant? Are the relative proportions of current and noncurrent assets what you would expect for a drug store? c) Analyze accounts receivable and allowance for doubtful accounts. d) What inventory method is used to value inventories? Has Walgreen experienced inflation or deflation? Explain your answer. Explain the reference in the inventory note to the LIFO liquidation and what this means with regard to the net income reported. e) Assess the level if debt and risk that Walgreen has by looking only at the balance sheet. h) Evaluate the creditworthiness of Walgreen based on the balance sheet and the excerpts from the notes
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