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Mehring's 2015 financial statements contained the following data (in millions). Current assets $17,890 Accounts receivable $1,550 Total assets 42,430 Interest expense 980 Current liabilities 12,000
Mehring's 2015 financial statements contained the following data (in millions).
Current assets | $17,890 | Accounts receivable | $1,550 | |
Total assets | 42,430 | Interest expense | 980 | |
Current liabilities | 12,000 | Income tax expense | 1,270 | |
Total liabilities | 32,580 | Net income | 2,230 |
Cash | 380 |
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Compute these values:
(a) | Working capital. | (b) | Current ratio. |
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