BE7-9 The following data are taken from the balance sheet of Ortiz, Inc. The data are arranged in alphabetical order (in millions).
Accounts payable $ 584,600 Income taxes payable $ 25,900
Accounts receivable 1,674,400 Other current liabilities 608,500
Cash 110,600 Retained earnings 3,043,400
Compute Ortiz’s (a) current ratio and (b) working capital.
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