Selected balance sheet and income statement information follows for the 3M Company. 3M Company $ millions...

Transcribed Image Text:

Selected balance sheet and income statement information follows for the 3M Company. 3M Company $ millions Dec. 31, 2015 Dec. 31, 2014 Interest expense. Income before interest and taxes. Cash Marketable securities Accounts recelvable Current assots Current liabilities.... Total assets... Total liabilities.. Total stockholders' equity. T..L............ 149 6,946 1,708 118 4,245 10,986 7,118 32,718 20,971 11,747 142 7,135 1,897 1,430 4,332 12.303 5,964 31,209 18,067 13,142 ........ Required a. Compute the following ratios for the fiscal years ended December 31, 2015, and December 31, 2014. 1. Current ratio 2. Quick ratio 6. Comment on the trends from 2014 to 2015 for 3M company regarding liquidity and solvency. 3. Total liabilities-to-equity 4. Times interest earned 14merican Eagle Out Selected balance sheet and income statement information follows for the 3M Company. 3M Company $ millions Dec. 31, 2015 Dec. 31, 2014 Interest expense. Income before interest and taxes. Cash Marketable securities Accounts recelvable Current assots Current liabilities.... Total assets... Total liabilities.. Total stockholders' equity. T..L............ 149 6,946 1,708 118 4,245 10,986 7,118 32,718 20,971 11,747 142 7,135 1,897 1,430 4,332 12.303 5,964 31,209 18,067 13,142 ........ Required a. Compute the following ratios for the fiscal years ended December 31, 2015, and December 31, 2014. 1. Current ratio 2. Quick ratio 6. Comment on the trends from 2014 to 2015 for 3M company regarding liquidity and solvency. 3. Total liabilities-to-equity 4. Times interest earned 14merican Eagle Out

Answer rating: 100% (QA)

A 4 Current ratio 2015 2014 10986 154 12303206 7118 2 QuiCk fatio 2015 2014 17 98 A245 ... View the full answer