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Following are the current asset and current liability sections of the balance sheets for Aroundsquare Inc. at August 31, 2020 and 2019 (in millions): August
Following are the current asset and current liability sections of the balance sheets for Aroundsquare Inc. at August 31, 2020 and 2019 (in millions): August August 31, 2020 31, 2019 $ 2 5 9 13 7 6 6 Current Assets Cash Marketable securities Accounts receivable Inventories Total current assets Current Liabilities Note payable Accounts payable Other accrued liabilities Total current liabilities $ 29 $ 23 $ 2 7 $ 6 10 5 $ 21 $ 15 Required: Calculate the working capital and current ratio at each balance sheet date. (Enter "Working capital" in millions of dollars (I.e., 10,000,000 should be entered as 10). Round your "Current ratlo" to 2 decimal places.) 08/31/2020 08/31/2019 Working capital Current ratio
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