The following information is available from the financial statements of the Philips Company.

Compute the current ratio and the debt-to-total-assets ratio and comment on any trends observed between 2018 and 2019.

Transcribed Image Text:

Net sales.... Net income Cash provided by operating activities. Expenditures on property, plant, and equipment Current assets Current liabilities. Total assets Total liabilities. 2019 2018 $120,000 $110,000 20,000 15,000 25,000 22,000 7,000 6,000 75,000 65,000 50,000 45,000 220,000 190,000 $150,000 $145,000