Exercise 9 - 30 Evaluate Liabilities* In a recent balance sheet , Wal - Mart reported the following information ( in millions ) . Current year Prior year Current assets $48. 945 $:48, 020 Current liabilities 55, 390 58, 478 Required . Calculate Wal - Mart's current ratio for each year and answer the following questions :" a. Wal - Mart was liquid in the current year . D . An investor if the current ratio is less than one . A current ratio of less than one indicates a Company* paying its current debts with its current assets . C. Wal - Mart's most important factor in being able to pay it's current liabilities in a timely manner is it's level of {BOOK