Intel Corporation provided the following information on its balance sheet and statement of cash flows: Current liabilities
Fantastic news! We've Found the answer you've been seeking!
Question:
Intel Corporation provided the following information on its balance sheet and statement of cash flows:
Current liabilities $8,514,000,000 Inventories 4,314,000,000
Cash and equivalents 6,598,000,000 Other current assets 2,146,000,000
Marketable securities 3,404,000,000 Cash flows from operating activites 10,620,000,000
Receivable 2,709,000,000
Assume that Intel, as a requirement of one of its loans, must maintain a current ratio of at least 2.30. Given the large amount of cash, how could Intel accomplish this on December 31(be specific as to dollar amount)?
Please also show the processing of how to solve this question.
Thank you
Posted Date: