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Following are the current asset and current liability sections of the balance sheets for Freedom Incorporated at January 31,2023 and 2022 (in millions): Required: a.
Following are the current asset and current liability sections of the balance sheets for Freedom Incorporated at January 31,2023 and 2022 (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 31, 2023. How could cash have increased during the year? Complete this question by entering your answers in the tabs below. Calculate the working capital and current ratio at each balance sheet date. Note: Enter "Working capital" in millions of dollars (i.e., 10,000,000 should be entered as 10). Round your "Current ratio" to 2 decimal places. 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 31, 2023. How could cash have increased during the year? Complete this question by entering your answers in the tabs below. 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 31, 2023. How could cash have increased during the year
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