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Compute the current ratio for ortiz

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Question - The following data are taken from the balance sheet of Ortiz, Inc. The data are arranged in alphabetical order (in millions).

Accounts payable

$ 585,790

Income taxes payable

$ 26,050

Accounts receivable

1,669,400

Other current liabilities

556,680

Cash

134,840

Retained earnings

3,180,400

Compute the following for Ortiz.

(a) Current ratio

(b) Working capital

Reference no: EM131789781

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