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Roy’s Toys is a manufacturer of toys and children’s products. The following are selected items appearing in a recent balance sheet (dollar amounts are in millions): |
| Cash and short term investments | $ | 48.00 |
| Receivables | 153.00 | |
| Inventories | 72.00 | |
| Prepaid expenses and other current assets | 39.00 | |
| Total current liabilities | 134.00 | |
| Total liabilities | 201.00 | |
| Total stockholders’ equity | 348 | |
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| a(1) |
Using the information above, compute the amounts of Roy’s Toys quick assets. (Enter your answer in millions of dollars rounded to 1 decimal place. Omit the “$” sign in your response.) |
| Quick assets | $ |
| a(2) |
Using the information above, compute the amounts of Roy’s Toys total current assets. (Enter your answer in millions of dollars rounded to 1 decimal place. Omit the “$” sign in your response.) |
| Total current assets | $ |
| b(1) | Compute for Roy’s Toys quick ratio. (Round your answer to 1 decimal place.) |
| Quick ratio |
| b(2) |
Compute for Roy’s Toys current ratio.(Round your answer to 1 decimal place.) |
| Current ratio |
| b(3) |
Compute for Roy’s Toys dollar amount of working capital. (Enter your answer in millions of dollars rounded to 1 decimal place. Omit the “$” sign in your response.) |
| Working capital | $ |