Selected Financial Data Regarding Current Assets and Current Liabilities for Two

question 115

Essay

Selected financial data regarding current assets and current liabilities for two competing companies, Simon and Garfunkel, are provided as follows: $$\begin{array} { l r r r } \text { (\$ in millions) } & \text { Simon } & \text { Garfunkel } \\\text { Current assets } \\\quad \text { Cash and cash equivalents } & \$ 648 & \$ 2,917 \\\text { Short-term investments } & 3,676 & \\\text { Net receivables } & 991 & 1,372 \\\text { Inventory } & 515 & 202 \\\text { Other current assets } & 334 & 476 \\\text { Total current assets } & \$ 6,164 & \$ 4,967 \\\text { Current liabilities } & & \\\text { Accounts payable } & \$ 7,081 & \$ 4,295 \\\text { Short-term debt } & 1,239 & 1,021 \\\text { Other current liabilities } & & 1,308 \\\text { Total current liabilities } & \$ 8,320 & \$ 6,624 \\\end{array}$$ 1. Calculate the current ratio for Simon. Then calculate the current ratio for Garfunkel. Which of the two companies has the best current ratio?
2. Calculate the acid-test (quick) ratio for Simon. Then calculate the acid-test (quick) ratio for Garfunkel. Which of the two companies has the best acid-test ratio?

Understanding the role of schemas in cognitive development.

Recognizing the importance of the zone of proximal development in learning and development.

Understanding the significance of conservation tasks in assessing the stages of cognitive development.

Identifying characteristics of different stages of cognitive development, including preoperational and concrete operational stages.

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Definitions:

Wood Produced

The amount of timber generated through logging activities, which is a raw material for numerous industries.

Fuel-Efficient

Describes vehicles or machinery that use less fuel to achieve a certain level of performance, reducing energy consumption and costs.

Gasoline

A volatile, flammable liquid derived from petroleum, primarily used as fuel in internal combustion engines.

Luxury Cars

High-end automobiles that offer superior comfort, performance, and status over standard vehicles.