What was the trend in these two years 2017 to 2018, in each of the current asset accounts?

2. Compute the following ratios for both years 2018 and 2017 • Current ratio • Quick ratio • Times interest earned • Liabilities-to-equity

 3. In which year does the company appear more liquid? 

4. In which year does the company appear more solvent?

 

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$ millions Cash and equivalents.. Short-term investments Accounts receivable. Current assets ... Current liabilities. ... Total liabilities*. Total equity. ... .. .. Earnings before interest and tax (EBIT) Interest expense, gross 2018 $ 4,150 - 2017 $4,017 - 9,334 8,633 16,825 15,889 17,860 19,595 45,766 50,785 52,832 45,004 14,804 13,775 682 507 $ millions Cash and equivalents.. Short-term investments Accounts receivable. Current assets ... Current liabilities. ... Total liabilities*. Total equity. ... .. .. Earnings before interest and tax (EBIT) Interest expense, gross 2018 $ 4,150 - 2017 $4,017 - 9,334 8,633 16,825 15,889 17,860 19,595 45,766 50,785 52,832 45,004 14,804 13,775 682 507

Answer rating: 100% (QA)

To analyze the trend in each of the current asset accounts for the years 2017 and 2018 as well as co... View the full answer