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Analyzing Financial Risk. Presented below are summary financial data from the Boeing Company annual report. 2015 2014 (amounts in millions) Balance sheet Cash and cash
Analyzing Financial Risk. Presented below are summary financial data from the Boeing Company annual report. 2015 2014 (amounts in millions) Balance sheet Cash and cash equivalents Marketable securities $12,102 $12,533 805 1,414 Accounts recivable net 8,713 7,729 71,767 Total current assets 72,234 Total assets 92,921 48,233 Current liabilities 94,408 50,412 1,234 9,530 6,397 Current portion of long term debt Long term debt Shareholders' equity Income statement 929 8,941 8,790 Interest expense $330 $388 Net income before taxes 7,155 7,137 Using the ratio definitions from Exhibit 4.6, calculate the following liquidity and solvency ratios: cash and marketable securities to total assets, quick ratio, current ratio, long-term debt to total assets, long-term debt to shareholders' equity, and the interest coverage ratio. Round all answers to two decimal places. Enter the answers for cash and marketable securities to total assets and long-term debt to total assets as percentages (ex: 0.23456 = 23.46%). 2015 2014 13.67 % 15 % * Cash and marketable securities to total assets Quick ratio 0.42 X 0.44 x Current ratio 1.4 x 1.46 X Solvency: Long-term debt-to-total assets Long-term debt to shareholders' equity 0.11 % x 0.11 % x 1.68 1.12 Interest coverage 22.68 19.4 x
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