Following are the current asset and current liability sections of the balance sheets for Aroundsquare Incorporated at August 31, 20 and 2022 (in millions): Current Assets Cash Marketable securities Accounts receivable Inventories Total current assets. Current Liabilities Note payable Accounts payable Other accrued liabilities Total current liabilities Working capital Current ratio August 31, 2023 08/31/2023 08/31/2022 10 18 25 $57 $ 4 14 13 $31 August 31, 2022 $8 14 11 11 $ 44 Required: Calculate the working capital and current ratio at each balance sheet date. Note: Enter "Working capital" in millions of dollars (i.e., 10,000,000 should be entered as 10). Round your "Current ratio" to 2 decimal places. $ 11 20 10 $ 41

Following are the current asset and current liability sections of the balance sheets for Aroundsquare Incorporated at August 31, 20 and 2022 (in millions): Current Assets Cash Marketable securities Accounts receivable Inventories Total current assets. Current Liabilities Note payable Accounts payable Other accrued liabilities Total current liabilities Working capital Current ratio August 31, 2023 08/31/2023 08/31/2022 10 18 25 $57 $ 4 14 13 $31 August 31, 2022 $8 14 11 11 $ 44 Required: Calculate the working capital and current ratio at each balance sheet date. Note: Enter "Working capital" in millions of dollars (i.e., 10,000,000 should be entered as 10). Round your "Current ratio" to 2 decimal places. $ 11 20 10 $ 41

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter15: Contributed Capital

Section: Chapter Questions

Problem 12P: Comprehensive Byrd Companys Contributed Capital section of its January 1, 2019, balance sheet is as...

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