Compute and Interpret Liquidity and Solvency Ratios Selected balance sheet, income statement, and the statement of cash flows information from Start-up Solar Car Inc. (the Company), for 2020 and 2019 follows ($ millions).

December 31, 2022	2020	2019
Cash and cash equivalents	$116,304	$37,608
Net receivables	11,316	7,944
Inventory	24,606	21,312
Other current assets	8,076	5,754
Current assets	160,302	72,618
Current liabilities	85,488	64,002
Total liabilities	170,508	157,194
Stockholders equity	142,380	48,660

Year Ended December 31	2020
Income before income taxes	$6,924
Interest expense	4,488
Cash flows from operating activities	35,658
Capital expenditures	18,942

a. Compute the current ratio and quick ratio for each year and determine any trend in liquidity. Note: Round your answers to the nearest million dollars.

	Numerator ($ millions)		Denominator ($ millions)	=	Result
2020 Current Ratio	Answer		Answer	=
2019 Current Ratio	Answer		Answer	=
2020 Quick Ratio	Answer		Answer	=
2019 Quick Ratio	Answer		Answer	=

The Company's current ratio AnswerIncreasedDecreased

and quick ratio AnswerIncreasedDecreased

from 2019 to 2020. b. Compute the debt-to-equity ratio for 2020 and 2019 and the times-interest-earned ratio for 2020. Determine the trend in the debt-to-equity ratio. Note: Round your answers to the nearest million dollars.

	Numerator ($ millions)		Denominator ($ millions)	=	Result
2020 Debt-to-equity ratio	Answer		Answer	=
2019 Debt-to-equity ratio	Answer		Answer	=
2020 Times-interest-earned ratio	Answer		Answer	=