Compute and Interpret Coverage, Liquidity and Solvency Ratios Selected balance sheet and income statement information from CVS Health Corp. for 2014 through 2016 follows ($ millions) 2016 2015 2014 Total Current Assets Total Current Liabilities EBIT (Operating income) Interest Expense, Gross Total Liabilities Equity $57,628 $36,723 55,234 37,092 36,224 37,852 $30,931 29,047 25,872 $26,250 23,169 19,027 $10,282 9,398 8,743 $1,058 838 600 a. Compute times interest earned ratio for each year and discuss any trends for each. Round answers to one decimal place Year TIE Ratio 2016 2015 2014 Based on your computations above, select the most appropriate answer Times interest earned has steadily increased since 2014. Times interest earned has steadily decreased since 2014 Times interest earned has remained the same since 2014 Times interest earned increased in 2015 but then decreased in 2016 b. Compute the current ratio for each year and discuss any trend in liquidity. Round answers to one decimal place Year Current Ratio 2016 2015 2014