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Roy's Toys is a manufacturer of toys and other children's products. The following are selected items appearing in a recent balance sheet. Cash and
Roy's Toys is a manufacturer of toys and other children's products. The following are selected items appearing in a recent balance sheet. Cash and short-term investments Receivables Inventories Prepaid expenses and other current assets Total current liabilities Total liabilities Total stockholders' equity Dollar amounts stated above are in millions. $ 46 158 71 39 136 204 347 a-1. Using the information above, compute the amount of Roy's Toys quick assets. (Enter your answer in millions of dollars.) a-2. Using the information above, compute the amount of Roy's Toys total current assets. (Enter your answer in millions of dollars.) b-1. Compute for Roy's Toys the quick ratio. (Round your answer to 1 decimal place.) b-2. Compute for Roy's Toys the current ratio. (Round your answer to 1 decimal place.) b-3. Compute for Roy's Toys the dollar amount of working capital. (Enter your answer in millions of dollars.)
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a1 Quick assets refer to the assets that can be quickly converted into cash without significant loss ...Get Instant Access to Expert-Tailored Solutions
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