Compute and Interpret Liquidity and Solvency
Ratios
Selected balance sheet and income statement information from
Comcast Corporation for 2015 and 2014 follows ($ millions).
Total Current Assets | Total Current Liabilities | Income Before Interest and Taxes | Interest Expense | Total Liabilities* | Stockholders' Equity | |
---|---|---|---|---|---|---|
*Includes redeemable noncontrolling interests | ||||||
2015 | $12,653 | $18,178 | $16,023 | $2,702 | $112,596 | $54,828 |
2014 | 13,881 | 17,410 | 15,351 | 2,617 | 106,118 | 53,918 |
a. Compute the current ratio for each year.
Round answers to two decimal places.
Current Ratio | |
---|---|
2015 | Answer |
2014 | Answer |
b. Compute times interest earned and the liabilities-to-equity
ratio for each year.
Round answers to two decimal places.
Times interest | Liabilities to | |
---|---|---|
earned | equity | |
2015 | Answer | Answer |
2014 | Answer | Answer |
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