a. Working capital

b. Current ratio

c. Quick ratio

d. Operating-cash-flow-to-current-liability ratio **

* Market price per share used for these calculations is to $80.00 per share

** Use $13,900 for operating cash flows in 2018 and $14,800 in 2017.

The Cullen Company Income Statements Year Ended Year Ended (in millions) Net sales Cost of goods sold 2018 $83,062 42,460 2017 $82,581 41,391 40,602 41,190 Gross profit Selling, general, and administrative expense 25,314 26,552 15,288 709 14,638 667 Operating income Interest expense Other non-operating income (expense) 100 942 Earnings from operations before taxes 14,679 3,178 14,913 3,391 Income taxes expense Net earnings $11,501 $11,522 Shares outstanding 2,851,980 2,851,980 Dividends per share $ 2.35 $ 2.30 The Cullen Company Balance Statements (in millions) 2018 2017 Assets Current Assets Cash and cash equivalents Short-term investments Accounts receivable Inventories Other current assets Total current assets Property, plant and equipment, net Intangible assets Other noncurrent assets Total assets $ 8,558 2,128 6,386 6,759 7,786 31,617 22,304 84,547 5,798 $ 144,266 $ 5,947 -0 6,508 6,909 4,626 23,990 21,666 86,760 6,847 $ 139,263 Liabilities and Stockholders' Equity Current Liabilities Accounts payable Other current liabilities Total current liabilities Long-term debt Other non-current liabilities Total liabilities Preferred Stock Common Stock Additional paid-in capital Treasury stock Retained earnings Total Stockholders' equity Total liabilities and stockholders' equity $ 8,461 8,999 16,266 33,726 19,811 20,753 74,290 1,111 4,009 63,911 (71,966) 84,990 82,055 $ 156,345 $ 8,777 8,828 12,432 30,037 19,111 21,406 70,554 1,137 4,009 63,538 (71,966) 80,197 76,915 $ 147,469