Convenience store operator Alimentation Couche-Tard Inc. reported the following selected information for the years ended April 24,

Question:

Convenience store operator Alimentation Couche-Tard Inc. reported the following selected information for the years ended April 24, 2016, and April 26, 2015 (in U.S. $ millions):

______________________2016_________2015

Current assets..............$2,934.8..........$2,742.3

Non-current assets..........9,369.1............8,286.1

Current liabilities............2,705.5............2,470.3

Non-current liabilities......4,554.8............4,655.1

(a) Calculate the debt to total assets ratio for each year.

(b) Was the company's solvency stronger or weaker in 2016 compared with 2015?

Solvency
Solvency means the ability of a business to fulfill its non-current financial liabilities. Often you have heard that the company X went insolvent, this means that the company X is no longer able to settle its noncurrent financial...