Question: Case 3 ( 4 Marks) A credit analyst is evaluating the solvency of Alcatel-Lucent as of the beginning of 2020. The following data are gathered

Case 3 ( 4 Marks) A credit analyst is evaluating the

Case 3 ( 4 Marks) A credit analyst is evaluating the solvency of Alcatel-Lucent as of the beginning of 2020. The following data are gathered from the company's 2019 annual report in millions): 2019 2018 Total equity 4,309 5,224 Accrued pension 5,043 4,807 Long-term debt 4,179 3,998 1,267 1,595 Other long term liabilities Current liabilities" 9,050 11,687 Total assets 23,848 27,311 Instructions Calculate and interpret the company debt to assets ratio for the two years

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