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Roy's Toys is a manufacturer of toys and children's products. The following are selected items appearing in a recent balance sheet (dollar amounts are in

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Roy's Toys is a manufacturer of toys and children's products. The following are selected items appearing in a recent balance sheet (dollar amounts are in millions): ..159.7 32.0 130.1 344.0 Inventories Prepaid expenses and other current assets . . . . . . . . . . . . . Total stockholders' equity. . . a. Using the information above, compute the amounts of Roy's Toys (1) quick assets and (2) total current assets. b. Compute for Roy's Toys the (1) quick ratio, (2) current ratio, and (3) dollar amount of working c. Discuss whether Roy's Toys appears liquid from the viewpoint of a short-term creditor capital. (Round ratios to one decimal place.)

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