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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

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.

(amounts in millions) Year 1 Year 2
Balance sheet
Cash and cash equivalents $6,680 $6,050
Marketable securities 3,794 2,749
Accounts receivable (net) 4,373 3,378
Total current assets 17,801 15,283
Total assets 33,435 31,138
Current liabilities 9,843 6,890
Current portion of long-term debt 1,883 231
Long-term debt 11,463 11,364
Shareholders' equity 10,202 11,208
Income statement
Interest expense $310 $349
Net income before taxes 4,718 4,816

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 total assets % %
Quick ratio
Current ratio
Solvency
Long-term debt to total assets % %
Long-term debt to shareholders' equity
Interest coverage ratio

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