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These selected condensed data are taken from a recent balance sheet of Blossom Company (in millions of dollars). Cash $7.0 Accounts receivable 14.4 Inventory 16.0
These selected condensed data are taken from a recent balance sheet of Blossom Company (in millions of dollars).
Cash | $7.0 | ||
Accounts receivable | 14.4 | ||
Inventory | 16.0 | ||
Other current assets | 11.0 | ||
Total current liabilities | $22.0 |
Additional information: Current liabilities at the beginning of the year were $35.0 million.
What is the working capital? (Enter answer in millions. Round answer to 1 decimal places, e.g. 15.5.)
What is the current ratio? (Round answer to 2 decimal places, e.g. 15.25.)
Can you explain for me??
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