Question Details

Mehring's 2011 financial statements contained the following data 



Ex. 1
Based on the following information, compute the (1) current ratio and (2) working capital.
	Current assets		¥200,000,000
	Total assets		900,000,000
	Current liabilities		80,000,000
	Total liabilities		500,000,000


Ex. 2
Mehring's 2011 financial statements contained the following data (in millions).

Current assets	$16,890	Accounts receivable	$1,550
Total assets	  42,430	Interest expense	980
Current liabilities	  15,160	Income tax expense	1,270
Total liabilities	  32,580	Net income	2,230
Cash	       380
Instructions
Compute these values:
(a)	Working capital.	(b)	Current ratio.



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