Roy’s Toys is a manufacturer of toys and other children’s products. The following are selected items appearing in a recent balance sheet (dollar amounts are in millions).

a. Using the information given, compute the amounts of Roy’s Toys (1) quick assets and (2) total current assets. 

b. Compute for Roy’s Toys the (1) quick ratio, (2) current ratio, and (3) dollar amount of working capital. (Round ratios to one decimal place.) 

c. Discuss whether Roy’s Toys appears liquid from the viewpoint of a short-term creditor.

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Cash and short-term investments... Receivables... Inventories.. Prepaid expenses and other current assets.. Total current liabilities. . . . . . Total liabilities.... Total stockholders' equity.. $ 47.3 159.7 72.3 32.0 130.1 279.4 344.0