Current assets Total assets Current liabilities Total liabilities Cash $4,272 Interest expense 8,800 Income taxes 2,670 5,104 770 Net income (a1) Compute the following values. (a) Working capital. (Enter answer in millions.) $170 110 230 (b) Current ratio. (Round to 2 decimal places, e.g. 6.25:1.) (c) Debt to assets ratio. (Round to O decimal places, e.g. 62%.) millions :1

Current assets Total assets Current liabilities Total liabilities Cash $4,272 Interest expense 8,800 Income taxes 2,670 5,104 770 Net income (a1) Compute the following values. (a) Working capital. (Enter answer in millions.) $170 110 230 (b) Current ratio. (Round to 2 decimal places, e.g. 6.25:1.) (c) Debt to assets ratio. (Round to O decimal places, e.g. 62%.) millions :1

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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