Question
Compute and Interpret Liquidity and Solvency Ratios Selected balance sheet and income statement information from Comcast Corporation for 2015 and 2014 follows ($ millions). Total
Compute and Interpret Liquidity and Solvency Ratios Selected balance sheet and income statement information from Comcast Corporation for 2015 and 2014 follows ($ millions).
| Total Current Assets | Total Current Liabilities | Income Before Interest and Taxes | Interest Expense | Total Liabilities* | Stockholders' Equity | |
|---|---|---|---|---|---|---|
| *Includes redeemable noncontrolling interests | ||||||
| 2015 | $12,653 | $18,178 | $16,023 | $2,702 | $112,596 | $54,828 |
| 2014 | 13,881 | 17,410 | 15,351 | 2,617 | 106,118 | 53,918 |
a. Compute the current ratio for each year. Round answers to two decimal places.
| Current Ratio | |
|---|---|
| 2015 | Answer
|
| 2014 | Answer
|
b. Compute times interest earned and the liabilities-to-equity ratio for each year. Round answers to two decimal places.
| Times interest | Liabilities to | |
|---|---|---|
| earned | equity | |
| 2015 | Answer
| Answer
|
| 2014 | Answer
| Answer
|
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Financial Accounting Standards Board Webster S Timeline History 1971 2006
Authors: Icon Group International
1st Edition
0546876501, 978-0546876505
