1. The top management of The Office Depot, Inc., examines company


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1. The top management of The Office Depot, Inc., examines company accounting records at January 24, one week before the end of the fiscal year (amounts in billions): Total current assets…………………………………………………… $13.3 Noncurrent assets……………………………………………………. 21.1/$34.4 Total current liabilities………………………………………………. $9.6 Noncurrent liabilities………………………………………………… 12.8 Owners’ equity………………………………………………………. 12.0/$34.4 Suppose Office Depot’s top management wants to achieve a current ratio of 1.5. How much in current liabilities should Office Depot pay off within the next week to achieve its goal? LadyInRed
posted a question · Feb 27, 2014 at 12:01am

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