ATC 9-4 (Algo) Business Applications Case: Performing ratio analysis using real-world data LO 9-7

Tools For All (TFA) is a global supplier of tools and related accessories. The following data were taken from the companys 2018 annual report. Dollar amounts are in millions.

	Fiscal Years Ending
	December 31, 2018	December 31, 2017
Current assets	$4,596.4	$4,529.0
Current liabilities	4,023.8	4,367.1
Total assets	19,131.0	19,269.3
Total liabilities	11,631.0	10,596.2

Required

a. Compute TFAs current ratios for 2018 and 2017. (Round your answers to 2 decimal places.)

b. Compute TFAs debt-to-assets ratios for 2018 and 2017. (Round your answers to 2 decimal places.)

c. Based on the ratios computed in Requirements a and b, did TFAs liquidity get better or worse from 2017 to 2018?

d. Based on the ratios computed in Requirements a and b, did TFAs solvency get better or worse from 2017 to 2018?