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Ruiz Companies, Incorporated, reported total cash of $1,550 million at June 30, 2019. Of this amount, $50 million was set aside and could be
Ruiz Companies, Incorporated, reported total cash of $1,550 million at June 30, 2019. Of this amount, $50 million was set aside and could be used only for specific short-term purposes, as defined in legal contracts and regulations; $485 million was invested in money market funds and time deposits with original maturities of less than 90 days; and the remaining $1,015 million was held in bank accounts. Ruiz Companies also reported $495 million in short-term investments (maturing in 90 to 360 days), $58 million of deferred revenue, $770 million of accounts receivable, and $255 million of prepaid insurance. TIP: Not all accounts listed are current assets. Required: Show the current assets section of Ruiz Companies's balance sheet. (Enter your answers in millions.) RUIZ COMPANIES, INCORPORATED Balance Sheet (Partial) (in millions)
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