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Analyzing Financial Risk Presented below are summary financial data from the Bristol-Myers Squibb annual report. Using the ratio definitions from Exhibit 4.6, calculate the following

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Analyzing Financial Risk Presented below are summary financial data from the Bristol-Myers Squibb annual report. Using the ratio definitions from Exhibit 4.6, calculate the following liquidity and solvency ratios for Year 1 and Year 2. Year 1 Year 2 (amounts in millions) Balance sheet Cash and cash equivalents Marketable securities Accounts receivable (net) $5,680 $5,050 Total current assets Total assets Current liabilities Current portion of long-term debt Long-term debt Shareholders' equity Income statement Interest expense Net income before taxes 3,794 2,749 4,373 3,378 16,801 14,283 32,435 30,138 9,843 6,890 1,883 231 10,463 10,364 10,202 11,208 $310 $349 4,618 4,716 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%). Year 1 Year 2 Liquidity Cash and marketable securities to totalassets 091 09 BusinessCounse 5,794 27749 VaRecabier secures Accounts receivable (net) Total current assets Total assets Current liabilities Current portion of long-term debt Long-term debt Shareholders' equity Income statement 4,373 3,378 16,801 14,283 32,435 30,138 9,843 6,890 1,883 231 10,463 10,364 10,202 11,208 Interest expense Net income before taxes $310 $349 4,618 4,716 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%). Year 1 Year 2 0 % 0 % 0 0 0 0 Liquidity Cash and marketable securities to total assets Quick ratio Current ratio Solvency. Long-term debt to total assets Long-term debt to shareholders' equity Interest coverage ratio Check

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