Suppose that these selected condensed data are taken from a recent balance sheet of Samsung Corporation in millions of dollars). Cash Accounts receivable Inventory Other current assets Total current iabilities (a) $7.2 14.4 18.0 Working capital $ 11.1 Additional information: Current liabilities at the beginning of the year were $35.6 million. 24.8 Your answer is incorrect. What is the working capital? (Enter answer in millions. Round answer to 1 decimal place, e.g. 15.5.)
Suppose that these selected condensed data are taken from a recent balance sheet of Samsung Corporation in millions of dollars). Cash Accounts receivable Inventory Other current assets Total current iabilities (a) $7.2 14.4 18.0 Working capital $ 11.1 Additional information: Current liabilities at the beginning of the year were $35.6 million. 24.8 Your answer is incorrect. What is the working capital? (Enter answer in millions. Round answer to 1 decimal place, e.g. 15.5.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Suppose that these selected condensed data are taken from a recent balance sheet of Samsung Corporation in millions of dollars).
Cash
Accounts receivable
Inventory
Other current assets
Total current iabilities
(a)
$7.2
14.4
18.0
Working capital $
11.1
Additional information: Current liabilities at the beginning of the year were $35.6 million.
24.8
Your answer is incorrect.
What is the working capital? (Enter answer in millions. Round answer to 1 decimal place, e.g. 15.5.)
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