Use the excerpt of Dragonfly Corporation€™s asset balances below to compute Dragon-fly€™s working capital, and current ratio for 2016 and 2015. Comment on Dragonfly€™s liquidity and changes in liquidity from 2015 to 2016. Dragonfly€™s current liabilities are $ 89,754 million and $ 82,271 million in 2016 and 2015, respectively.

Transcribed Image Text:

Assets (dollars in millions) Current assets Cash and cash equivalents Marketable securities Accounts receivable trade, net Inventories Prepaid expenses and other receivables 2016 2015 S 13,420 7623 22,120 47415 1,312 91,890 67045 S 19,355 Total current assets Property, plant, and equipment, net Other assets Total assets 20,872 45,630 1,264 99,515 65,762 3,7733,770 S159,047