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). Dec 31, 2020 Account Total llabillitles $64,476 Current llabilitles 31,018 Total assets 118,764 Current assets 39,624 Cash 10,647 Marketable securitles 6,188 Accounts receivable 21,756 Compute the following ratios, rounding the answer to two digits after the decimal; for example, enter 1.42 for 1.424, or 1.43 for 1.425. a. Current ratio 1.28 b. Quick ratio 1.24 v c. Total liabilities-to-equity 2.77 X Computing Liquidity and Solvency Ratios The following information is provided for a company for the year ended December 31, 2020 ($ millions). Dec 31, 2020 Account Total llabillitles $64,476 Current llabilitles 31,018 Total assets 118,764 Current assets 39,624 Cash 10,647 Marketable securitles 6,188 Accounts receivable 21,756 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 1.28 b. Quick ratio 1.24 v c. Total liabilities-to-equity 2.77 X
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