The Organic Soda Company reported the following comparative information at December 31, 2016, and December 31, 2015 (amounts in millions and adapted):

Requirements
1. Calculate the following ratios for 2016 and 2015:
a. Current ratio
b. Debt ratio
2. During 2016, The Organic Soda Company issued $1,840 million of long-term debt that was used to retire short-term debt. What would the current ratio and debt ratio have been if this transaction had not been made?
3. The Organic Soda Company reports that its lease payments under operating leases will total $940 million in the future and $250 million will occur in the next year (2017). What would the current ratio and debt ratio have been in 2016 if these leases had been capitalized?

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2016 2015 Total assets Current liabilities Total stockholders' equity Net sales.... Net income... $20,900 $16,700 .. 72,800 46,500 18,300 12,900 26,100 35,700 30,400 6,510 11,312