Question: Current Attempt in Progress The following financial data were reported by ELR Company for 2021 and 2022 (dollars in millions). Suppose at the end of

 Current Attempt in Progress The following financial data were reported by

ELR Company for 2021 and 2022 (dollars in millions). Suppose at theend of 2022 , ELR management used $464 million cash to pay

Current Attempt in Progress The following financial data were reported by ELR Company for 2021 and 2022 (dollars in millions). Suppose at the end of 2022 , ELR management used $464 million cash to pay off $464 million of accounts payable. (Round current ratio to 2 decimal places, e.g. 1.25:1.) Current ratio :1 Working capital $ How would the current ratio and working capital have changed? The current ratio had and working capital had Suppose at the end of 2022, ELR management collected $348 million cash on accounts receivable. (Round current ratio to 2 decimal places, e.g. 1.25:1.) Current ratio :1 Working capital \$ How would the current ratio and working capital have changed? The current ratio had and working capital had eTextbook and Media Attempts: 0 of 6 used

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