Maliwan, Inc., is one of the worlds largest Ham store chains. Shown below are selected items adapted from a recent Maliwan, Inc., balance sheet. (Dollar amounts are in the millions.)

Instructions a) Using the information above, compute the amounts of Maliwans total current assets and total quick assets.

b) Compute the companys (1) current ratio, (2) quick ratio, and ( 3) working capital. (Round to two decimal places.)

c) From these computations, are you able to conclude whether Maliwan is a good credit risk for short-term creditors or on the brink of bankruptcy? Explain.

d) Is there anything unusual about the operating cycle of ham stores that would make you think that they normally would have lower current ratios than, say, large department stores?

e) Assume Maliwan carries 1,475.0 million dollars in LT debt. What is the leverage %? Make your own interpretation and explain the risk situation based on the leverage.