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The most recent data from the annual balance sheets of East India Inc. (EII) and virtual Industriesnc. are given. Balance Sheet For the Year Ending
The most recent data from the annual balance sheets of East India Inc. (EII) and virtual Industriesnc. are given. Balance Sheet For the Year Ending on December 31 Millions of dollars) Virtual EII Virtual Liabilities & Equity Current liabilities: Current assets: 2,952 Accounts payable 4,592 Cash 1,013 1,080 Accruals Accounts receivable 1,680 5,400 5,737 3,168 Notes payable 4,928 Inventories 5,400 6,750 7,200 Total current liabilities 11,200 Total current assets 6,600 8,250 Long-term bonds Net fixed assets: 15,000 12,000 8,800 Total debt 8,800 Net plant and equipment Common equity 2,600 3,250 Common stock 1,400 1,750 Retained earnings 4,000 5,000 Total common equity 16,000 20,000 20,000 16,000 Total liabilities and Total assets equity whereas East India Inc. (EII)'s quick ratio is and its current ratio is Virtual Industriesnc.'s quick ratio is and its current ratio is
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