The Coca-Cola Company reported the following comparative information at December 31, 2010, and December 31, 2009 (amounts in millions and adapted):

Requirements
1. Calculate the following ratios for 2010 and 2009:
a. Current ratio
b. Debt ratio
2. During 2010, The Coca-Cola Company issued $1,590 million of long-term debt that was used to retire short-term debt. What would the current ratio and debt ratio have been if this transaction had not been made?
3. The Coca-Cola Company reports that its lease payments under operating leases will total $965 million in the future and $205 million will occur in the next year (2011). What would the current ratio and debt ratio have been if these leases had beencapitalized?

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2010 2009 Current a Total assets Current liabilities Total stockholders' equity31,317 Net sales Net income $21,579 $17,551 48,671 13,721 25,346 30,990 6,824 72,921 18,508 35,119 11,809