Roy's Toys is a manufacturer of toys and other children's products. The following are selected items appearing in a recent balance sheet. Cash and short-term investments $ 47.3 Receivables Inventories Prepaid expenses and other current assets Total current liabilities Total liabilities Total stockholders' equity 159.7 72.3 32.0 130.1 279.4 344.0 Dollar amounts stated above are in millions. a-1. Using the information above, compute the amount of Roy's Toys quick assets. (Enter your answer in millions of dollars.) a-2. Using the information above, compute the amount of Roy's Toys total current assets. (Enter your answer in millions of dollars rounded to 1 decimal place.) b-1. Compute for Roy's Toys the quick ratio. (Round your answer to 1 decimal place.) b-2. Compute for Roy's Toys the current ratio. (Round your answer to 1 decimal place.) b-3. Compute for Roy's Toyś the dollar amount of working capital. (Enter your answer in millions of dollars rounded to 1 decimal place.) a-1. Quick assets million a-2 Total current assets million b-1. Quick ratio to 1 b-2. Current ratio to 1 b-3. Working capital million

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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ACCT 102 - Please Do Both Subparts

Roy's Toys is a manufacturer of toys and other children's products. The following are selected items appearing in a recent balance
sheet.
Cash and short-term investments
Receivables
$ 47.3
159.7
72.3
32.0
Inventories
Prepaid expenses and other current assets
Total current liabilities
Total liabilities
Total stockholders, equity
130.1
279.4
344.0
Dollar amounts stated above are in millions.
a-1. Using the information above, compute the amount of Roy's Toys quick assets. (Enter your answer in millions of dollars.)
a-2. Using the information above, compute the amount of Roy's Toys total current assets. (Enter your answer in millions of dollars
rounded to 1 decimal place.)
b-1. Compute for Roy's Toys the quick ratio. (Round your answer to 1 decimal place.)
b-2. Compute for Roy's Toys the current ratio. (Round your answer to 1 decimal place.)
b-3. Compute for Roy's Toyś the dollar amount of working capital. (Enter your answer in millions of dollars rounded to 1 decimal
place.)
a-1.
Quick assets
million
a-2.
Total current assets
million
b-1,
Quick ratio
to 1
b-2,
Current ratio
to 1
b-3.
Working capital
million
Transcribed Image Text:Roy's Toys is a manufacturer of toys and other children's products. The following are selected items appearing in a recent balance sheet. Cash and short-term investments Receivables $ 47.3 159.7 72.3 32.0 Inventories Prepaid expenses and other current assets Total current liabilities Total liabilities Total stockholders, equity 130.1 279.4 344.0 Dollar amounts stated above are in millions. a-1. Using the information above, compute the amount of Roy's Toys quick assets. (Enter your answer in millions of dollars.) a-2. Using the information above, compute the amount of Roy's Toys total current assets. (Enter your answer in millions of dollars rounded to 1 decimal place.) b-1. Compute for Roy's Toys the quick ratio. (Round your answer to 1 decimal place.) b-2. Compute for Roy's Toys the current ratio. (Round your answer to 1 decimal place.) b-3. Compute for Roy's Toyś the dollar amount of working capital. (Enter your answer in millions of dollars rounded to 1 decimal place.) a-1. Quick assets million a-2. Total current assets million b-1, Quick ratio to 1 b-2, Current ratio to 1 b-3. Working capital million
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