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A portion of a company's annual report is shown below. (Dollars are in millions.) Income Statement Amount ($) 32,897 7,980 5,423 7,098 Net sales

A portion of a companys annual report is shown below. (Dollars are in millions.)

a. Calculate the Current Ratio. b. Using a guideline of 2.0 for the Current Ratio, does the company have the ability to pay i 

A portion of a company's annual report is shown below. (Dollars are in millions.) Income Statement Amount ($) 32,897 7,980 5,423 7,098 Net sales Cost of sales Operating income Net income Balance Sheet Current assets Accounts receivable Inventories Amount ($) 5,908 4 1,876 14,354 5,109 9,543 5,504 Total assets Current liabilities Total liabilities Total stockholders' equity a. Calculate the Current Ratio. [Select] b. Using a guideline of 2.0 for the Current Ratio, does the company have the ability to pay its current obligations? [Select] c. Calculate the Acid Test (or "Quick") Ratio. d. Calculate the Debt-to-Assets ratio. e. Calculate the Profit Margin. [ Select] [Select] [Select]

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