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Below is selected balance sheet and income statement information from Kerns Corporation (10 points). 2017 $ (in millions) Cash Accounts receivable Current assets Current liabilities

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Below is selected balance sheet and income statement information from Kerns Corporation (10 points). 2017 $ (in millions) Cash Accounts receivable Current assets Current liabilities Long-term debt Short-term debt Total liabilities Interest expense Capital expenditures (CAPEX) Equity Cash from operations Earnings before interest and taxes $ 1,763.36 835.30 3,393.33 3,257.95 3,291.63 4,668.83 25,863.17 1,438.29 1300.50 -7,152.90 29,500.98 1,907.84 2016 1.316.73 1,197.16 3,588.56 3,485.39 6,910.81 1,133.96 22,928.42 1,666.90 1600.48 4,687.67 12,100.89 1,634.84 Compute the following ratios for 2016 and 2017 Total debt to equity (2 points) Quick ratio (2 points) Times interest earned (2 points) Free operating Cash flow to total debt (2 points) Current ratio (2 points)

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