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The data are arranged in alphabetical order in millions

Question - The following data are taken from the balance sheet of Ortiz, Inc. The data are arranged in alphabetical order (in millions).

Accounts payable	$ 585,790	Income taxes payable	$ 26,050
Accounts receivable	1,669,400	Other current liabilities	556,680
Cash	134,840	Retained earnings	3,180,400

Compute the following for Ortiz.

(a) Current ratio

(b) Working capital

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Accounting Basics: The data are arranged in alphabetical order in millions

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Accounting Basics: The data are arranged in alphabetical order in millions

Reference No:- TGS02585292

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