rawlco

Accounts Payable $4,760 585 Accounts Receivable Cash 2,810 Common Stock 400 Equipment Intangible Assets Inventory Notes Payable (long-term) Notes Payable (short-term) Prepaid Rent Retained Earnings Short-Term Investments 3,820 3,100 1,360 1,910 1,520 595 4,390 710 Assume that the following events occurred in the following quarter, which ended December 31, 2016. Dollars are in millions. a. Paid $1,250 cash for additional intangible assets. b. Issued additional shares of commo stock for $10,500 in cash. c. Purchased equipment; paid $4,500'in cash and signed additional long-term loans for $9,400. d. Paid $850 cash for accounts payable owed at October 2. e. Conducted negotiations to purchase a coffee farm, which is expected to cost $8,400. PB2-3 Part 1 1-a. Calculate Starbucks's current ratio at October 2, 2016, prior to the transactions listed above. (Round your answer to 2 decima places.) Current Ratio