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Using the balance sheet what is the current ratio? BALANCE SHEET ($ in millions)         ASSETS     LIABILITIES   Cash & Marketable Securities  449.90    Accounts Payable  1,611.20  Accounts Receivable  954.80    Salaries Payable  225.20  Inventories  3,645.20    Other Current Liabilities  1,118.80  Other Current Assets  116.60    Total Current Liabilities  2,955.20    Total Current Assets  5,166.50            Other Liabilities  693.40  Machinery & Equipment  1,688.90      Land  1,129.70      Total Liabilities  3,648.60  Buildings  2,348.40      Depreciation  (575.60)   SHAREHOLDER'S EQUITY   Property, Plant & Equip. - Net  4,591.40    Common Stock  828.50  Other Long Term Assets  120.90    Retained Earnings  5,401.70    Total Long-Term Assets  4,712.30      Total Shareholder's Equity  6,230.20          Total Assets  9,878.80    Total Liabilities & Equity  9,878.80

Using the balance sheet what is the current ratio? BALANCE SHEET ($ in millions)         ASSETS     LIABILITIES   Cash & Marketable Securities  449.90    Accounts Payable  1,611.20  Accounts Receivable  954.80    Salaries Payable  225.20  Inventories  3,645.20    Other Current Liabilities  1,118.80  Other Current Assets  116.60    Total Current Liabilities  2,955.20    Total Current Assets  5,166.50            Other Liabilities  693.40  Machinery & Equipment  1,688.90      Land  1,129.70      Total Liabilities  3,648.60  Buildings  2,348.40      Depreciation  (575.60)   SHAREHOLDER'S EQUITY   Property, Plant & Equip. - Net  4,591.40    Common Stock  828.50  Other Long Term Assets  120.90    Retained Earnings  5,401.70    Total Long-Term Assets  4,712.30      Total Shareholder's Equity  6,230.20          Total Assets  9,878.80    Total Liabilities & Equity  9,878.80

Essentials Of Investments
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
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Using the balance sheet what is the current ratio?

BALANCE SHEET
($ in millions)
       
ASSETS     LIABILITIES  
Cash & Marketable Securities  449.90    Accounts Payable  1,611.20 
Accounts Receivable  954.80    Salaries Payable  225.20 
Inventories  3,645.20    Other Current Liabilities  1,118.80 
Other Current Assets  116.60    Total Current Liabilities  2,955.20 
  Total Current Assets  5,166.50     
      Other Liabilities  693.40 
Machinery & Equipment  1,688.90     
Land  1,129.70      Total Liabilities  3,648.60 
Buildings  2,348.40     
Depreciation  (575.60)   SHAREHOLDER'S EQUITY  
Property, Plant & Equip. - Net  4,591.40    Common Stock  828.50 
Other Long Term Assets  120.90    Retained Earnings  5,401.70 
  Total Long-Term Assets  4,712.30      Total Shareholder's Equity  6,230.20 
       
Total Assets  9,878.80    Total Liabilities & Equity  9,878.80 
       
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