Analyze and compare Foot Locker and The Finish Line The Foot Locker, Inc. (FL) and The Finish Line, Inc. (FINL) are two retail athletic footwear chains. The current assets and current liabilities from recent balance sheets for both companies are as follows (in millions): Foot Locker The Finish Line Year 2 Year 1 Year 2 Year 1 Current assets $2,606 $2,456 $521 $531 Current liabilities 700 696 221 191 a. Compute the working capital for Year 2 and Year 1 for each company. Foot Locker The Finish Line Year 2 $fill in the blank 1 $fill in the blank 2 Year 1 $fill in the blank 3 $fill in the blank 4 b. Compute the current ratio for Year 2 and Year 1 for each company. Round to one decimal place. Foot Locker The Finish Line Year 2 fill in the blank 5 fill in the blank 6 Year 1 fill in the blank 7 fill in the blank 8
Analyze and compare Foot Locker and The Finish Line The Foot Locker, Inc. (FL) and The Finish Line, Inc. (FINL) are two retail athletic footwear chains. The current assets and current liabilities from recent balance sheets for both companies are as follows (in millions): Foot Locker The Finish Line Year 2 Year 1 Year 2 Year 1 Current assets $2,606 $2,456 $521 $531 Current liabilities 700 696 221 191 a. Compute the working capital for Year 2 and Year 1 for each company. Foot Locker The Finish Line Year 2 $fill in the blank 1 $fill in the blank 2 Year 1 $fill in the blank 3 $fill in the blank 4 b. Compute the current ratio for Year 2 and Year 1 for each company. Round to one decimal place. Foot Locker The Finish Line Year 2 fill in the blank 5 fill in the blank 6 Year 1 fill in the blank 7 fill in the blank 8
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Analyze and compare Foot Locker and The Finish Line
The Foot Locker, Inc. (FL) and The Finish Line, Inc. (FINL) are two retail athletic footwear chains. The current assets and current liabilities from recent balance sheets for both companies are as follows (in millions):
| Foot Locker | The Finish Line | ||||
| Year 2 | Year 1 | Year 2 | Year 1 | ||
| Current assets | $2,606 | $2,456 | $521 | $531 | |
| Current liabilities | 700 | 696 | 221 | 191 |
a. Compute the working capital for Year 2 and Year 1 for each company.
| Foot Locker | The Finish Line | ||
| Year 2 | $fill in the blank 1 | $fill in the blank 2 | |
| Year 1 | $fill in the blank 3 | $fill in the blank 4 |
b. Compute the current ratio for Year 2 and Year 1 for each company. Round to one decimal place.
| Foot Locker | The Finish Line | ||
| Year 2 | fill in the blank 5 | fill in the blank 6 | |
| Year 1 | fill in the blank 7 | fill in the blank 8 |
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