Calculate the current ratio for company a

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Question -

($ in millions)

Company A

Company B

Current Assets

 

 

Cash and Cash Equivalents

$911

$5,044

Short Term Investment

4,246

71

Net Receivables

768

1,460

Inventory

557

327

Other Current Assets

309

846

Total Current Assets

$6,791

$7,748

Current Liabilities

 

 

Accounts Payable

$3,103

$3,437

Short/Current Long Term Debt

1,194

1,672

Other current Liabilities

3,431

4,688

Total Current Liabilities

$7,728

$9,797

1) Calculate the current ratio for company A.

2) Calculate the current ratio for company B.

3) Calculate the acid-test (quick) ratio for Company A.

4) Calculate the acid-test (quick) ratio for Company B.

Reference no: EM131706204

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