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Mehring's 2011 financial statements contained the following data (in millions)
Mehring's 2011 financial statements contained the following data (in millions).
Current assets $16,890 Accounts receivable $1,550
Total assets 42,430 Interest expense 980
Current liabilities 15,160 Income tax expense 1,270
Total liabilities 32,580 Net income 2,230
Cash 380
Instructions
Compute these values:
(a) Working capital. (b) Current ratio.
Expert Solution
PFA
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