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Homework answers / question archive / Lenoir-Rhyne University - ACC 230 1)RoysToys is a manufacturer of toys and children products

Lenoir-Rhyne University - ACC 230 1)RoysToys is a manufacturer of toys and children products

Accounting

Lenoir-Rhyne University - ACC 230

1)RoysToys is a manufacturer of toys and children products.The following are selected items appearing in a recent balance sheet.

 

 

Cash and short-term investments

$ 47.3

Receivables

159.7

Inventories

72.3

Prepaid expenses and other current assets

32.0

Total current liabilities

130.1

Total liabilities

279.4

Total stockholders' equity

344.0

Dollar amounts stated above are in millions.

 

a-1. Using the information above, compute the amounts of Roy's Toys quick assets.

a-2. Using the information above, compute the amounts of Roy's Toys total current assets.

b-1. Compute for Roy's Toys quick ratio.  

b-2. Compute for Roy's Toys current ratio.

b-3. Compute for Roy's Toys dollar amount of working capital.

 

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