Selected financial statement data for Jamestown Resorts for the year ending January 31, 2008, are as follows:
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JAMESTOWN RESORTS, INC.
Balance Sheet (partial)
(in millions)
|
| |
End of Year
|
Beginning of Year
|
|
Cash and cash equivalents
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$331
|
$25
|
|
Receivables (less allowance of $23 and $17)
|
699
|
722
|
|
Merchandise inventory
|
888
|
946
|
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Prepaid expenses
|
37
|
29
|
|
Other current assets
|
102
|
91
|
|
Total current assets
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$2,057
|
$1,813
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|
Total current liabilities
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$950
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$951
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For the year, net sales were $5,634 million, and cost of goods sold was $3,766 million. Instructions Compute the four liquidity ratios at the end of the current year.