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For some reason, I am unable to calcualte working cpaital at the end. Any suggestions are appreciated. The following financial data were reported by RMM
For some reason, I am unable to calcualte working cpaital at the end. Any suggestions are appreciated.
The following financial data were reported by RMM Company for 2021 and 2022 (dollars in millions). Your answer is correct. Calculate the current ratio and working capital for RMM for 2022 and 2021. (Round current ratio to 2 decimal places, e.g. 1.25:1.) eTextbook and Media Attempts: 1 of 6 usec (b) Your answer is correct. Suppose at the end of 2022 , RMM management used $368 million cash to pay off $368 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, RMM management collected \$276 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 hadStep by Step Solution
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