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Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions of dollars) for a recent year follows. Cash and cash equivalents
Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions of dollars) for a recent year follows. Cash and cash equivalents Receivables (net) Merchandise inventory Other current assets Total current assets Total current liabilities End of Year $ 60 1,631 756 255 $2,702 $1,598 Beginning of Year $ 301 1,502 803 218 $2,824 $1,630 Compute working capital and the current ratio at the beginning of the year and at the end of the year. (Round current ratio to 2 decimal places, eg. 15.2s) End of Year Beginning of Year Working capital Current ratio
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