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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.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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