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Assets Cash Receivables (net) Inventory PP & E (net) Patents&Licenses. Goodwill Total assets Liabilities & Equity Accounts payable Short term debt Long term debt Preferred stock Common Equity Total Liabilities + Equity New Chip Corp Balance Sheet at 12/31/22 ($ in Millions) 31 45 64 215 28 19 402 53 19 179 23 128 402 1. A. Did New Chip Corp make any acquisitions? B. Briefly, how do you know? 2. What is New Chip's net working capital? ($) 3. Calculate New Chip's current ratio. (x) 4. Calculate its quick ratio. (x - carry to 2 decimal places)

Assets Cash Receivables (net) Inventory PP & E (net) Patents&Licenses. Goodwill Total assets Liabilities & Equity Accounts payable Short term debt Long term debt Preferred stock Common Equity Total Liabilities + Equity New Chip Corp Balance Sheet at 12/31/22 ($ in Millions) 31 45 64 215 28 19 402 53 19 179 23 128 402 1. A. Did New Chip Corp make any acquisitions? B. Briefly, how do you know? 2. What is New Chip's net working capital? ($) 3. Calculate New Chip's current ratio. (x) 4. Calculate its quick ratio. (x - carry to 2 decimal places)

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Assets Cash Receivables (net) Inventory PP & E (net) Patents&Licenses Goodwill Total assets Liabilities & Equity Accounts payable Short term debt Long term debt Preferred stock Common Equity Total Liabilities + Equity New Chip Corp Balance Sheet at 12/31/22 ($ in Millions) 31 45 64 215 28 19 402 53 19 179 23 128 402 1. A. Did New Chip Corp make any acquisitions? B. Briefly, how do you know? 2. What is New Chip's net working capital? ($) 3. Calculate New Chip's current ratio. (x) 4. Calculate its quick ratio. (x - carry to 2 decimal places)
Transcribed Image Text:Assets Cash Receivables (net) Inventory PP & E (net) Patents&Licenses Goodwill Total assets Liabilities & Equity Accounts payable Short term debt Long term debt Preferred stock Common Equity Total Liabilities + Equity New Chip Corp Balance Sheet at 12/31/22 ($ in Millions) 31 45 64 215 28 19 402 53 19 179 23 128 402 1. A. Did New Chip Corp make any acquisitions? B. Briefly, how do you know? 2. What is New Chip's net working capital? ($) 3. Calculate New Chip's current ratio. (x) 4. Calculate its quick ratio. (x - carry to 2 decimal places)
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