Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

Exercise 47

Medtronics is a world leader in medical technology.he following selected data are adapted from a recent annual report.Dollar amounts are stated in millions.)

The company has long-term liabilities that bear interest at annual rates ranging from 6 percent to 8 percent.
Instructions
a.ompute the company's current ratio at ( 1 ) the beginning of the year and ( 2 ) the end of the year.Carry to two decimal places.)
b.ompute the company's working capital at ( 1 ) the beginning of the year and ( 2 ) the end of the year.Express dollar amounts in thousands.)
c.s the company's short-term debt-paying ability improving or deteriorating
d.ompute the company's ( 1 ) return on average total assets and ( 2 ) return on average stockholders' equity.Round average assets and average equity to the nearest dollar and final computations to the nearest 1 percent.)
e.s an equity investor, do you think that Medtronic 's management is utilizing the company's resources in a reasonably efficient manner Explain.