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Below is the balance sheet information for Amazon and Walmart for the fiscal year 2019. Use this data to answer the required questions. ($ millions)


Below is the balance sheet information for Amazon and Walmart for the fiscal year 2019. Use this data to answer the required questions.

($ millions)

Amazon

Walmart

Total current assets

$60,427

$58,318

Total non-current assets

$113,243

$168,209

Total assets

$173,670

$226,527

Total current liabilities

$70,194

$63,876

Total non-current liabilities

$81,262

$97,112

Total liabilities

$151,456

$160,988

Total shareholders' equity

$22,214

$65,539

Required: a. Calculate the current ratio and quick ratio for each company. b. Compute the debt-to-equity ratio for each company. c. Determine the equity multiplier for both companies. d. Assess the financial leverage of both companies based on the calculations. e. Discuss which company has better liquidity and which one has more financial leverage, providing reasons for your conclusion.

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