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