In Millions of Dollars 2015 2014 2013 2012 Cash and equivalents $ 807,926 $ 560,960 $ 617,866 $ 658,255 Short-term investments 178,994 197,408 182,442 614,513 Cash and short-term investments 986,920 758,368 800,308 1,272,768 Accounts receivable 2,028,060 2,365,823 2,341,609 2,302,447 Inventories 1,456,271 1,441,024 1,450,258 1,262,308 4,471,251 4,565,215 4,592,175 4,837,523 Total current assets Accounts payable 1,138,770 1,601,413 1,584,959 1,416,367 Accrued expenses 878,454 901,546 902,164 863,683 Notes payable/short-term debt 1,038,633 789,285 979,675 821,126 Current portion of long-term debt 531,635 386,879 303,214 248,028 Total current liabilities $ 3,587,492 $ 3,679,123 $ 3,770,012 $ 3,349,204
In Millions of Dollars 2015 2014 2013 2012 Cash and equivalents $ 807,926 $ 560,960 $ 617,866 $ 658,255 Short-term investments 178,994 197,408 182,442 614,513 Cash and short-term investments 986,920 758,368 800,308 1,272,768 Accounts receivable 2,028,060 2,365,823 2,341,609 2,302,447 Inventories 1,456,271 1,441,024 1,450,258 1,262,308 4,471,251 4,565,215 4,592,175 4,837,523 Total current assets Accounts payable 1,138,770 1,601,413 1,584,959 1,416,367 Accrued expenses 878,454 901,546 902,164 863,683 Notes payable/short-term debt 1,038,633 789,285 979,675 821,126 Current portion of long-term debt 531,635 386,879 303,214 248,028 Total current liabilities $ 3,587,492 $ 3,679,123 $ 3,770,012 $ 3,349,204
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Calculate current ratio for each of the year
Transcribed Image Text:In Millions of Dollars
2015
2014
2013
2012
Cash and equivalents
$ 807,926
$ 560,960
$ 617,866
$ 658,255
Short-term investments
178,994
197,408
182,442
614,513
986,920
758,368
800,308
1,272,768
Cash and short-term investments
Accounts receivable
2,028,060
2,365,823
2,341,609
2,302,447
Inventories
1,456,271
1,441,024
1,450,258
1,262,308
Total current assets
4,471,251
4,565,215
4,592,175
4,837,523
Accounts payable
1,138,770
1,601,413
1,584,959
1,416,367
Accrued expenses
878,454
901,546
902,164
863,683
Notes payable/short-term debt
1,038,633
789,285
979,675
821,126
Current portion of long-term debt
531,635
386,879
303,214
248,028
Total current liabilities
$ 3,587,492
$ 3,679,123
$ 3,770,012
$ 3,349,204
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