beed current ratio Assume that the following transactions (in millions) occurred during...
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Accounting
beed current ratio
Assume that the following transactions (in millions) occurred during the next fiscal year (ending on September 26, 2020): a. Borrowed $18,266 from banks due in two years. b. Purchased additional investments for $21,000 cash; one-fifth were long term and the test were short term. c. Purchased property, plant, and equipment, paid $9,571 in cash and signed a short-term note for $1,410 d. Issued additional shares of common stock for $1,469 in cash, total par value was $1 and the rest was in excess of par value. e. Sold short-term investments costing $18,810 for $18,810 cash. f. Deciared $1126 in dividends to be paid at the beginning of the next fiscal year
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