Can't seem to get the right answer for the final part of #3
Intel Corporation provided the following information on its balance sheet and statement of cash flows: Current liabilities $8,514,000,000 Cash and equivalents 6,598,000,000 Marketable securities 3,404,000,000 2,709,000,000 Receivables Inventories 4,314,000,000 Other current assets 2,146,000,000 10,620,000,000 Cash flows from operating activities Required: If required, round your answers to two decimal places 1. Calculate the following: a. Current ratio 2.25 b. Quick ratio 1.49 c. Cash ratio 1.17 d. Operating cash flow ratio 1.25 2. Conceptual Connection: Interpret these results The current ratio appears to be strong because as a general nule of thumb, a current ratie over 2 is considered good. The operating cash low ratio indicates that the cash that the company is generating is sufficient to meet the current labilties 3. Conceptual Connection: Assume that Intel, as a requirement of one of ts loans, must maintain a current ratio of at least 2.30 Gven the large amount of cash, how could tntel accompltsh this on December 31 Use some of the cash to pay off some of the current liabitities Specificaly, how much cash must Intel use to pay down the current labilities in onder to achieve a current ratie of 2.30 mitions, rounded to two decmal elaces (for esamole 15142.53 istead of 15 142.530.000 tn yer cacatons and inal answer use amounts in Check My Work Prviou All work saved Required: If required, round your answers to two decimal places 1. Calculate the following: a. Current ratio 2.25 b. Quick ratio 1.49 c. Cash ratio 1.17 d. Operating cash flow ratio 1.25 2. Conceptual Connection: Interpret these results The current ratio appears to be strong because as a general rule of thumb, a current ratio over 2 the cash that the company is generating is sufficient to meet the current liabilities is considered good. The operating cash flow ratio indicates that 3. Conceptual Connection: Assume that Intel, as a requirement of one of its loans, must maintain a current ratio of at least 2.30. Given the large amount of cash, how could Intel accomplish this on December 31? Use some of the cash to pay off some of the current liabillities Specifically, how much cash must Intel use to pay down the current liabilities in order to achieve a current ratio of 2.307 In your calculations and final answer, use amounts in millions, rounded to two decimal places (for example: 15,142.53 instead of 15,142,530,000). 4,257.00 X million