Sears: Current ratio Sears Holdings Corporation is one of the largest mall-based retailers in the United States. The following year-end data were taken from a recent Sears balance sheet (in millions): 11eb79a5_98a5_a7cb_bf8a_51443bd7ba31_SM1598_00 A. Compute the working capital and the current ratio as of December 31, Year 1 and Year 2. (Round to two decimal places.) B. What conclusions concerning the company's ability to meet its short-term obligations can you draw from part (A)?

Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac

النسخة 14الرقم المعياري الدولي: 978-1305653535

Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac

النسخة 14الرقم المعياري الدولي: 978-1305653535

تمرين 54

Sears: Current ratio
Sears Holdings Corporation is one of the largest mall-based retailers in the United States. The following year-end data were taken from a recent Sears balance sheet (in millions):

A. Compute the working capital and the current ratio as of December 31, Year 1 and Year 2. (Round to two decimal places.)
B. What conclusions concerning the company's ability to meet its short-term obligations can you draw from part (A)?

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Working Capital and Current Ratio
Worki...