Presented below are summary financial data from the Bristol-Myers Squibb 2015 annual report. Using the ratio definitions from Exhibit 4.6, calculate the following liquidity and solvency ratios:

cash and marketable securities to total assets, quick ratio, current ratio, long-term debt to total assets, long-term debt to shareholders’ equity, and the interest coverage ratio. Evaluate Bristol-Myers’ liquidity and solvency.

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(amounts in millions) Balance sheet Cash and cash equivalents. 2015 2014 2,385 5,571 Marketable securities.. 1,885 1,864 Accounts receivable (net). 4,299 3,390 Total current assets 10,415 14,608 Total assets 31,748 33,749 Current liabilities 8,017 8,461 Current portion of long-term debt. 0 0 Long-term debt 6,550 7,242 Shareholders' equity 14,424 14,983 Income statement Interest expense Net income before taxes 184 $ 203 2,077 2,381