Roy’s Toys is a manufacturer of toys and other children’s products. The following are selected items appearing in a recent balance sheet.
Cash and short-term investments $45
Receivables 156
Inventories 78
Prepaid expenses and other current assets 38
Total current liabilities 135
Total liabilities 201
Total stockholders' equity 345
Dollar amounts stated above are in millions.
a-1. Using the information above, compute the amount of Roy's Toys quick assets. (Enter your answer in millions of dollars.)
a-2. Using the information above, compute the amount of Roy's Toys total current assets. (Enter your answer in millions of dollars.)
b-1. Compute for Roy's Toys the quick ratio. (Round your answer to 1 decimal place.) b-2. Compute for Roy's Toys the current ratio. (Round your answer to 1 decimal place.)
b-3. Compute for Roy's Toys the dollar amount of working capital. (Enter your answer in millions of dollars.)
a-1. Quick assets _____ million
a-2. Total current assets ____ million
b-1. Quick ratio to 1__________
b-2. Current ratio to 1_______
b-3. Working capital _______ million