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Tried Using A Calculator and Got It Wrong Ratio and Capital

Accounting
Tutor: None Selected Time limit: 0 Hours

2015
2014
Current assets
    Cash and cash equivalents$ 3,003$1,795
    Accounts receivable, net3,2003,122
    Inventories2,6942,986
    Other current assets1,8141,566
Total current assets$10,711$9,469
Current liabilities$ 4,901$5,889
  
Calculate the current ratio and working capital for 3M for 2014 and 2015. (Round current ratio to 2 decimal places, e.g. 1.25 : 1.)
Apr 22nd, 2015

Current Ratio (CR) = current assets/current liabilities

CR (2014)= 9,469/5,889 = 1.61

CR (2015)=10,711/4,901 = 2.19

Apr 22nd, 2015

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Apr 22nd, 2015
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Apr 22nd, 2015
Dec 5th, 2016
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