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Review the following excerpt of Dragonfly Corporations asset balances for 2023 and 2022: Compute Dragonfly's working captial and current ratio for 2023 and 2022. Statements
Review the following excerpt of Dragonfly Corporations asset balances for 2023 and 2022:
Statements of Financial Position and Cash Flows and the Annual Report Liquidity Analyses Review the following excerpt of Dragonfly Corporation's asset balances for 2023 and 2022: \begin{tabular}{|c|c|c|c|c|} \hline Assets (dollars in millions) & & 2023 & & 2022 \\ \hline \multicolumn{5}{|l|}{ Current assets } \\ \hline Cash and cash equivalents & $ & 13,420 & $ & 19,355 \\ \hline Marketable securities & & 7,623 & & 2,394 \\ \hline Accounts receivable trade - net & & 22,120 & & 20,872 \\ \hline Inventories & & 47,415 & & 45,630 \\ \hline Prepaid expenses and other receivables & & 1,312 & & 1,264 \\ \hline Total current assets & & 91,890 & & 89,515 \\ \hline Property, plant, and equipment - net & & 67,045 & & 65,762 \\ \hline Other assets & & 3,773 & & 3,770 \\ \hline Total assets & $ & 162,708 & $ & 159,047 \\ \hline Current liabilities (dollars in millions) & $ & 89,754 & $ & 82,271 \\ \hline \end{tabular} Compute Dragonfly's working capital and current ratio for 2023 and 2022. (Always use cell references and formulas where appropriate to receive full credit. If you copy/ paste from the Instructions tab you will be marked wrong.) Compute Dragonfly's working captial and current ratio for 2023 and 2022.
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