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(a) Calculate the current ratio for each year. (Round answers to 2 decimal places, e.g. 15.25:1.) Current ratio 2025 2.30 :1 2024 2.60 :1 (b)
(a) Calculate the current ratio for each year. (Round answers to 2 decimal places, e.g. 15.25:1.) Current ratio 2025 2.30 :1 2024 2.60 :1 (b) Calculate earnings per share for each year. (Round answers to 2 decimal places, e.g. 15.25.) 2025 2024 Earnings per share 0.88 $ (c) P 2 Calculate the debt to assets ratio for each year. (Round answers to 1 decimal place, e.g. 29.5%) Suppose the following items are taken from the 2025 balance sheet of Verizon Communications. (All dollars are in millions.) Goodwill Common stock $3,927 6,283 Equipment 1,737 Accounts payable 152 Patents 234 Stock investments (long-term) 3,247 Accounts receivable 1,061 Prepaid rent 233 Debt investments (short-term) 1.160 Retained earnings 6,108 Cash 2,292 Notes payable (long-term) 734 Unearned sales revenue 413 Suppose the following items are taken from the 2025 balance sheet of Verizon Communications. (All dollars are in millions.) Goodwill Common stock $3,927 6,283 Equipment 1,737 Accounts payable 152 Patents 234 Stock investments (long-term) 3,247 Accounts receivable 1,061 Prepaid rent 233 Debt investments (short-term) 1,160 Retained earnings 6,108 Cash 2,292 Notes payable (long-term) 734 Unearned sales revenue 413 Suppose the following items are taken from the 2025 balance sheet of Verizon Communications. (All dollars are in millions) Goodwill Common stock $3.927 6,283 Equipment 1737 Accounts payable 152 Patents 234 Stock investments (long-term) 3.247 Accounts receivable 1,061 Prepaid rent 233 Debt investments (short-term) 1,160 Retained earnings 6,108 Cash 2292 Notes payable (long-term) 734 413 201 Unearned sales revenue Accumulated depreciation-equipment Prepare a classified balance sheet for Verizon Communications as of December 31, 2025. (List Current Assets in order of liquidity Enter amounts in millions) Current Assets Canh VERIZON COMMUNICATIONS Balance Sheet December 31, 2025 (Amounts are in millions) Assets
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