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I need help calculating the Current Ratio given the information below (numbers are in millions). Please provide an explanation so I understand specifically what the
I need help calculating the Current Ratio given the information below (numbers are in millions). Please provide an explanation so I understand specifically what the answer means.
Current Assets | Current Liabilities | ||
Cash | 57.40 | Accounts Payable | 20.40 |
Accounts Receivable | 28.02 | Short-Term Notes | 4.20 |
Inventory | 187.13 | Other Current Liabilities | 6.40 |
Other Current Assets | 56.52 | Total Current Liabilities | 31.0 |
Total Current Assets | 329.07 | Long-term debt | 3.20 |
Net Fixed Assets | 275.20 | Other long-term liabilities | 5.50 |
Other Assets | 88.80 | Total Liabilities | 39.70 |
TOTAL ASSETS $693.07
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