Question: The following financial data were reported by Verizon Wireless for two recent years (in millions): Required Calculate the current and debt to assets ratios for

The following financial data were reported by Verizon Wireless for two recent years (in millions):

Required
Calculate the current and debt to assets ratios for each year. How would the most recent ratios change if Verizon decided to pay off $1 billion of current liabilities with cash?

Verizon Wireless Balance Sheet (partial) Current assets Current liabilities Total liabilities Total assets aleem Current Prior S 669 2,172 9,854 6,200 2,257 9,801 5,131

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