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The following financial data were reported by Ivanhoe Company for 2021 and 2022 (dollars in millions) Ivanhoe Company Balance Sheet (partial) 2022 2021 Current assets
The following financial data were reported by Ivanhoe Company for 2021 and 2022 (dollars in millions) Ivanhoe Company Balance Sheet (partial) 2022 2021 Current assets Cash and cash equivalents $2.160 $1,188 Accounts receivable, net 4.212 3,240 Inventories 2.916 2,392 Other current assets 756 1.196 Total current assets $10,044 $8,016 Current liabilities $8.316 $5.940 (a) Calculate the current ratio and working capital for Ivanhoe for 2022 and 2021. (Round current ratio to 2 decimal places, es 1.25:1) 2022 2021 Current ratio -1 Working capital $ e Textbook and Media Save for later Attempts of 1 used Submit Answer (b) The parts of this question must be completed in order. This part will be wailable when you complete the part above (c) The parts of this question must be completed in order. This part will be available when you complete the part above
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