The current assets and current liabilities for Texas Instruments Inc. for five recent years are shown as
Question:
The current assets and current liabilities for Texas Instruments Inc. for five recent years are shown as follows (in millions):
1. Calculate and graph the current and quick ratios for the five comparative years. Round to two decimal places.
2. Interpret yourgraph.
Transcribed Image Text:
2004 2003 2002 2001 2000 Cash and cash equivalents Short-term investments Accounts receivable Inventories Other current assets Total current assets Notes payable Accounts payable and 2,668 1,818 949 431 S 745 3,690 2,511 2,063 2,513 3,258 1,696 ,4 1,217 1,078 2,204 1,233 675 $10,190 $7,709 $6,126 $5,775 $8,115 S 11 437 422 38 148 1,444 496 04 ,205 1,921 984 945 751 1,002 1,256 880 4 790 1.107 accrued expenses Other current liabilities Total current liabilities 267 30833 470 337 744 1,925 $2,200 $1,934 $1,580 $2,813
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Related Book For
Financial Accounting An Integrated Statements Approach
ISBN: 978-0324312119
2nd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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