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Companies that operate in different industries may have very different financial ratio values. These differences may grow even wider when we compare companies located in
Companies that operate in different industries may have very different financial ratio values. These differences may grow even wider when we compare companies located in different countries. Review the following financial statements. (Click the icon to view the financial statements.) Read the requirement. Begin by computing the ratios. Start by selecting the formula for the current ratio. Then calculate the current ratios for Aktar, Mickel, and Rabold. (Enter amounts in millions or billions as provided to you in the problem statement. Round the ratios to two decimal places.) A Data Table = Current ratio Requirement - X Aktar Mickel Rabold $ 9,732 299 7,912 229 136,388 5,738 1. Compare three fictitious companies (Aktar, Mickel, and Rabold) by calculating the following ratios: current ratio, debt ratio, leverage ratio, and times-interest-earned ratio. Use year-end figures in place of averages where needed for calculating the ratios in this exercise. Based on your computed ratio values, which company looks the least risky? (Amounts in millions or billions) Income data Total revenues Operating income Interest expense Net income Asset and liability data (Amounts in millions or billions) Total current assets 35 735 - 12 443 Print Done Long-term assets 421 159 187 147 246 5,726 233 2,177 Total current liabilities Long-term liabilities Common stockholders' equity 160,284 49,770 72,200 110,547 27,307 Choose from any drop-down list and then click Check Answer. 2,352 1,430 16 parts. a eck
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