Computing Liquidity and Solvency Ratios The following information is provided for a company for the year...
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Computing Liquidity and Solvency Ratios The following information is provided for a company for the year ended December 31, 2020 ($ millions). Account Dec 31, 2020 Total liabilities $51,581 Current liabilities 25,991 Total assetS 91,180 Current assets 31,831 Cash 6,416 Marketable securities 4,830 Accounts receivable 17,550 Compute the following ratios, rounding the answer to two digits after the decimal; for example, enter 1.42 for 1.424, or 1.43 for 1.425. a. Current ratio b. Quick ratio c. Total liabilities-to-equity Computing Liquidity and Solvency Ratios The following information is provided for a company for the year ended December 31, 2020 ($ millions). Account Dec 31, 2020 Total liabilities $51,581 Current liabilities 25,991 Total assetS 91,180 Current assets 31,831 Cash 6,416 Marketable securities 4,830 Accounts receivable 17,550 Compute the following ratios, rounding the answer to two digits after the decimal; for example, enter 1.42 for 1.424, or 1.43 for 1.425. a. Current ratio b. Quick ratio c. Total liabilities-to-equity
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ACurrent Ratio Current AssetCurrent Liabilities 3183125991 122 1 BQuick Ratio Cas... View the full answer
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