Use the excerpt of Dragonfly Corporations asset balances below to compute Dragon-flys working capital, and current ratio
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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 2016 2015 S 13,420 7623 22,120 47415 1,312 91,890 67045 S 19,355 Total current assets Property, plant, and equipment, net Other assets Total assets 20,872 45,630 1,264 99,515 65,762 3,7733,770 S159,047
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2016 2015 Working Capital Computation Total current assets 91890 ...View the full answer
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Related Book For
Intermediate Accounting
ISBN: 978-0132162302
1st edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
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