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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 $ 9,150 4,726 30,675 15,968 End Total current assets Total current liabilities Total assets Total stockholders' equity Operating income Net income of the Year $ 9,515 5,857 33,083 17,113 4,145 3,617 The company has long-term liabilities that bear interest at annual rates ranging from 6 percent to 8 percent. Instructions a. Compute the company's current ratio: (Round your answers to 2 decimal places.) 1. Beginning of the year 2. End of the year b. Compute the company's working capital moun millions 1. Beginning of the year 2. End of the year
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