Use the following excerpt of Dragonfly Corporations asset balances to compute Dragonflys working capital and current ratio
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Use the following excerpt of Dragonfly Corporation’s asset balances to compute Dragonfly’s working capital and current ratio for 2023 and 2022. Comment on Dragonfly’s liquidity and changes in liquidity from 2022 to 2023. Dragonfly’s current liabilities are $89,754 million and $82,271 million in 2023 and 2022, respectively.
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Assets (dollars in millions) Current assets Cash and cash equivalents Marketable securities Accounts receivable trade-net Inventories Prepaid expenses and other receivables Total current assets Property, plant, and equipment-net Other assets Total assets 2023 $ 13,420 7,623 22,120 47,415 1,312 91,890 67,045 3,773 $162,708 2022 $ 19,355 2,394 20,872 45,630 1,264 89,515 65,762 3,770 $159,047
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Related Book For
Intermediate Accounting
ISBN: 9780136946694
3rd Edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
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