accounting exercise problem

Project Description:

the following financial data were reported by stewart company for 2010 and 2011 (dollars in millions).


stewart company
balance sheets (partial)
2011 2010
current assets
cash and cash equivalents $ 720 $2,150
accounts receivable, net 2,350 2,200
inventories 1,300 1,100
other current assets 500 600
total current assets $4,870 $6,050
current liabilities $3,450 $4,340

calculate current ratio and working capital before and after paying accounts payable.

instructions
(a) calculate the current ratio and working capital for stewart for 2010 and 2011.

(b) suppose that at the end of 2011 stewart management used $200 million cash to pay off $200 million of accounts payable. how would its current ratio and working capital have changed?
Skills Required:
Project Stats:

Price Type: Negotiable

Expired
Total Proposals: 6
1 Current viewersl
9 Total views
Project posted by:

Proposals

Proposals Reputation Price offered
  • 4.4
    81 Jobs 55 Reviews
    $0 in 0 Day
  • 4.8
    546 Jobs 386 Reviews
    $0 in 0 Day
  • 4.1
    70 Jobs 30 Reviews
    $10 in 0 Day
  • 4.9
    287 Jobs 248 Reviews
    $0 in 0 Day