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Medtronics is a world leader in medical technology. The following selected data are adapted from a recent annual report (dollar amounts are stated in millions).

Medtronics is a world leader in medical technology. The following selected data are adapted from a recent annual report (dollar amounts are stated in millions).

Beginning of the Year End of the Year
Total current assets $9,150 $9,515
Total current liabilities 4,726 5,857
Total assets 30,675 33,083
Total stockholders' equity 15,968 17,113
Operating income 4,145
Net income 3,617

1. Compute the current ratio at the beginning of the period (carry to two decimal places).

2. Compute the current ratio at the end of the period (carry to two decimal places).

3. Compute the working capital at the beginning of the year.

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