Homework Answers
Answer:
Current Ratio = Current Assets/Current Liabilities
2019 = 9625/5887
= 1.63 : 1
2020 = 11450/4830
= 2.37 : 1
Working Capital = Current Assets – Current Liabilities
2019 = 9625–5887 = $3,738 million
2020 = 11450-4830 = $6,620 million
Current ratio = current assets / current liability
= (11450 - 183) / (4830 -183) = 11267/4647 = 2.42
Working Capital = current assets - current liability
= (11450 - 183) - (4830 -183) = 11267-4647 = $6620
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