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Sears Holdings Corporation s one of the largest mall-based retailers in the United States. The follo wing year-end data were taken from a recent Sears

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Sears Holdings Corporation s one of the largest mall-based retailers in the United States. The follo wing year-end data were taken from a recent Sears balance sheet (in millions) December 31 Year 2 Year 1 Current assets $5,863 $8,959 Curent Labil ties 6,076 8,185 a. Compute the working capital and the current ratio as of December 31, Year 1 and Year 2. (Round your answers to two decimal places.) Year 2 Year 1 Working capital $ Current Ratio Ratio b. what does a current ratio less than 1 and a workng capital decline indicate

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