Question: The current assets and current liabilities for Texas Instruments Inc. for five recent years are shown as follows (in millions): 1. Calculate and graph the
The current assets and current liabilities for Texas Instruments Inc. for five recent years are shown as follows (in millions):
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1. Calculate and graph the current and quick ratios for the five comparative years. Round to two decimal places.
2. Interpret yourgraph.
2004 2003 2002 2001 2000 Cash and cash equivalents Short-term investments Accounts receivable Inventories Other current assets Total current assets Notes payable Accounts payable and 2,668 1,818 949 431 S 745 3,690 2,511 2,063 2,513 3,258 1,696 ,4 1,217 1,078 2,204 1,233 675 $10,190 $7,709 $6,126 $5,775 $8,115 S 11 437 422 38 148 1,444 496 04 ,205 1,921 984 945 751 1,002 1,256 880 4 790 1.107 accrued expenses Other current liabilities Total current liabilities 267 30833 470 337 744 1,925 $2,200 $1,934 $1,580 $2,813
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1 Graph 2 First the current and quick ratios track each other very closely over the 5 year period wi... View full answer
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