Year 2018 2019 Note: all dollar figures are in millions Current assets $5,028 $5,974 Current liabilities $7,905

Fantastic news! We've Found the answer you've been seeking!

Question:

Year 2018 2019 Note: all dollar figures are in millions

Current assets $5,028 $5,974

Current liabilities $7,905 $8,952

Current ratio 63.61% 66.73%

Year 2018 2019 Note: all dollar figures are in millions

Current assets $5,028 $5,974

Current liabilities $7,905 $8,952

Working Capital ($2,877) ($2,978)

QUESTION: Based on the answers I computed for the current ratio and working capital, how would you evaluate the company's liquidity?

Related Book For answer-question

Principles of Finance

ISBN: 978-1111527365

5th edition

Authors: Scott Besley, Eugene F. Brigham

See More Books

Posted Date: May 12, 2024 11:28 PM

See More Questions

Developments in Technology Light is incident from air on the end face of a multimode optical fibre at angle of incidence as shown below. n n 1 2 The refractive indices of the core and cladding are...
Barny Kpf had just returned from Spoga, the international trade fair for outdoor equipment and furniture held in Germany. Despite the global economic crisis, the results achieved at the fair had been...
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
Melissa buys an iPod for $120 and gets consumer surplus of $80. a. What is her willingness to pay? b. If she had bought the iPod on sale for $90, what would her consumer surplus have been? c. If the...
Zoysia University must purchase mowers for its landscape department. The university can buy 10 EVF mowers that cost $8,500 each and have annual, year-end maintenance costs of $1,800 per mower. The...
Consider the function f (x) = 3 sin (0.6x 2). (a) Approximate the zero of the function in the interval [0, 6]. (b) A quadratic approximation agreeing with f at x = 5 is g (x) = -0.45x2 + 5.52x -...
EuroVirtuals EPS and Euro Appreciation/ Depreciation. Since its introduction in 2003, the euro has been fluctuating against major global currencies. a. What is the impact of 15% appreciation of all...
Portions of the 20X2 financial statements of Williams Company, a paint manufacturer, are reproduced below (in thousands of dollars): Partial Income Statement for the year ended 31 December 20X2 Net...
Microsoft Corporation Prepare a master budget for Microsoft Corporation for the fiscal year 2024 using the following information: Sales budget: $10,000,000 Production budget: 20,000 units Cash...
Implement the double transform algorithm to Fourier transform two real N- point sequences using one complex N-point transform. Use the following vectors for your example. x= [1 2 3 4 5 6 7 8] and y =...
How is the standard audit report adapted to apply to consolidated financial statements?
Crain Corporation has always assumed that an account receivable is good until the account is proven to be uncollectible. When an account proves to be uncollectible, the credit manager notifies the...
Some businesses have a policy of accepting only cash sales. Depending on economic conditions or the time of year, many potential customers may not be able to pay with currency, check, or debit card....
For the billing function, identify: a. Several potential misstatements. b. Necessary controls to prevent or detect the misstatements identified in a. c. Potential tests of the controls identified in...
Where is the information obtained for journalizing closing entries for revenue, cost, and expenses?
A recent study showed that 25% of TikTok social media users are under the age of twenty. We took a random sample of 18 people who use TikTok. Use this information to answer the following probability...
Horse serum containing specific antibody to snake venom has been a successful approach to treating snakebite in humans. How do you think this anti-venom could be generated? What are some advantages...
A work sheet is used in preparing financial statements for Lawney Manufacturing Company. The following accounts are included in the adjusted trial balance: Finished Goods Inventory $$28,000$, Work...
Honmura Company reports the following costs and expenses in May Instructions From the information, determine the total amount of: (a) Manufacturing overhead. (b) Product costs. (c) Period costs....
Manufacturing cost data for Hermes Company arc presented below. Instructions Indicate the missing amount for each letter (a) through (i). Direct materials used Direct labor Manufacturing overhead...

Year 2018 2019 Note: all dollar figures are in millions Current assets $5,028 $5,974 Current liabilities $7,905

Question:

Expert Answer:

1 Current Ratio For Year 2018 Current Assets 5028 million Current Liabilities 7905 million Current R... View the full answer

Principles of Finance

Students also viewed these finance questions