The following data (in thousands) were taken from recent financial statements of 7 Eleven, Inc., a convenience

Question:

The following data (in thousands) were taken from recent financial statements of 7 Eleven, Inc., a convenience store chain:

a. Compute the working capital and the current ratio as of December 31, 2002 and 2001. Round to two decimal places.
b. What conclusions concerning the companyâ€™s ability to meet its financial obligations can you draw from(a)?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...