Question: Below are selected data from Microsoft's recent financial statements: Required Calculate the following ratios for 2017 and 2016 and comment on the trend: a. Current

Below are selected data from Microsoft's recent financial statements:

Net income Tax expense Cash and cash equivalents Short-term investments Accounts receivable

Required

Calculate the following ratios for 2017 and 2016 and comment on the trend:

a. Current ratio

b. Quick ratio

Net income Tax expense Cash and cash equivalents Short-term investments Accounts receivable Inventory.... Other current assets. Current liabilities. 2017 $ 21,201 1,945 2016 $ 16,798 2,953 7,663 6,510 125,318 106,730 19,792 18,277 2,181 2,251 4,897 5,892 64,527 59,357

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