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Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 14ISBN: 978-1305653535Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 14ISBN: 978-1305653535 Exercise 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)?
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)?
Explanation
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Working Capital and Current Ratio
Worki...
Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
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