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Following are the current asset and current liability sections of the balance sheets for Freedom Incorporated at January 3 1 , 2 0 2 3
Following are the current asset and current liability sections of the balance sheets for Freedom Incorporated at January and
in millions:
Required:
a Calculate the working capital and current ratio at each balance sheet date.
b Evaluate the firm's liquidity at each balance sheet date.
c Assume that the firm operated at a loss during the year ended January How could cash have increased during the year?
Complete this question by entering your answers in the tabs below.
Req B and C
Calculate the working capital and current ratio at each balance sheet date.
Note: Enter "Working capital" in millions of dollars ie should be entered as Round your "Current ratio" to
decimal places.
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