Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Round to 4 decimal places pls Table 2 shows a balance sheet for a certain company All quantities shown are in millions of dollars.
Round to decimal places pls
" Table 2 shows a balance sheet for a certain company All quantities shown are in millions of dollars. What is the company's current ratio for 2023? Note: Express your answers in strictly numerical terms, and IN million of USDs." Balance Sheet (in million of USDs) Assets Current Assets Cash Accounts receivable Inventories Other current assets Total current assets Long-Term Assets Land Buildings Equipment Less accumulated depreciation Net property, plant, and equipment Goodwill Other long-term assets Total long-term assets Total Assets 2023 100 96 39 10 245.0 60 2 9 -2.75 68.25 5 29 102.25 347.3 2022 70 70 51 10 201.0 63 1 9 -2.5 70.5 1 40 110.5 386.7 Liabilities and Stockholders' Equity Current Liabilities Accounts payable Notes payable / short-term debt Current maturities of long-term debt Other current liabilities Total current liabilities Long-Term Liabilities Long-term debt Capital lease obligations Deferred taxes Other long-term liabilities Total long-term liabilities Total liabilities Stockholders' Equity Total liabilities and Stockholders' E ui 2023 100 14 40 11 165.0 60 35 95 260.0 87.3 347.3 2022 79 25 65 15 184.0 99 25 124 308.0 78.7 386.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started