Question
Cash and short-term investments$50Receivables152Inventories71Prepaid expenses and other current assets35Total current liabilities132Total liabilities202Total stockholders' equity347 Dollar amounts stated above are in millions. a-1. Using the information
Cash and short-term investments$50Receivables152Inventories71Prepaid expenses and other current assets35Total current liabilities132Total liabilities202Total stockholders' equity347
Dollar amounts stated above are in millions.
a-1.Using the information above, compute the amount of Roy's Toys quick assets.(Enter your answer in millions of dollars.)
a-2.Using the information above, compute the amount of Roy's Toys total current assets.(Enter your answer in millions of dollars.)
b-1.Compute for Roy's Toys the quick ratio.(Round your answer to 1 decimal place.)
b-2.Compute for Roy's Toys the current ratio.(Round your answer to 1 decimal place.)
b-3.Compute for Roy's Toys the dollar amount of working capital.(Enter your answer in millions of dollars.)
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Government and Not-for-Profit Accounting Concepts and Practices
Authors: Michael H. Granof, Saleha B. Khumawala, Thad D. Calabrese, Daniel L. Smith
8th edition
1119495814, 1119495857, 1119495819, 9781119495819 , 978-1119495857
