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Current Attempt in Progress The following financial data were reported by ELR Company for 2021 and 2022 (dollars in millions). Suppose at the end of

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Current Attempt in Progress The following financial data were reported by ELR Company for 2021 and 2022 (dollars in millions). Suppose at the end of 2022 , ELR management used $464 million cash to pay off $464 million of accounts payable. (Round current ratio to 2 decimal places, e.g. 1.25:1.) Current ratio :1 Working capital $ How would the current ratio and working capital have changed? The current ratio had and working capital had Suppose at the end of 2022, ELR management collected $348 million cash on accounts receivable. (Round current ratio to 2 decimal places, e.g. 1.25:1.) Current ratio :1 Working capital \$ How would the current ratio and working capital have changed? The current ratio had and working capital had eTextbook and Media Attempts: 0 of 6 used

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