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Problem E6-17. Need to find the Current ratio, working capital, and quick ratio. Receivable Decrease in Inventory $ 29,000 Increase in Prepaid Expenses 43,000 Decrease

Problem E6-17. Need to find the Current ratio, working capital, and quick ratio.

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Receivable Decrease in Inventory $ 29,000 Increase in Prepaid Expenses 43,000 Decrease in Accounts Payable 9,000 34,000 Increase in Income Taxes Payable 32,000 E6-16. Statement of Cash Flows, Direct Method. Use the information from E6-15 that Hockey Apparel Providers, Inc. provided for the current year to compute net cash flow from operating activities under the direct reporting format. E6-17. Liquidity Analyses. Use the following excerpt of Dragonfly Corporation's asset balances to compute Dragonfly's working capital and current ratio for 2019 and 2018. Comment on Dragonfly's liquidity and changes in liquidity from 2018 to 2019. Dragonfly's current liabilities are $89,754 million and $82,271 million in 2019 and 2018, respectively. Assets (dollars in millions) 2019 2018 Current assets Cash and cash equivalents $ 13,420 $ 19,355 Marketable securities 7,623 2,394 Accounts receivable trade - net 22,120 20,872 Inventories 47,415 45,630 Prepaid expenses and other receivables 1,312 1,264 Total current assets 91,890 89,515 Property, plant, and equipment - net 67,045 65,762 Other assets 3,773 3,770 Total assets $162,708 $159,047

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