Question
Roys Toys is a manufacturer of toys and other childrens products. The following are selected items appearing in a recent balance sheet. Cash and short-term
Roys Toys is a manufacturer of toys and other childrens products. The following are selected items appearing in a recent balance sheet. Cash and short-term investments $ 49 Receivables 156 Inventories 76 Prepaid expenses and other current assets 30 Total current liabilities 137 Total liabilities 205 Total stockholders' equity 349 Dollar amounts stated above are in millions. 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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