Compute and Interpret Liquidity and Solvency Ratios Selected balance sheet and income statement information from Verizon Communications, Inc., follows (in millions).

	2014	2013
Current assets	$32,074	$75,990
Current liabilities	30,049	29,501
Total liabilities	232,730	192,380
Equity	16,127	100,412
Earnings before interest and taxes	22,636	34,395
Interest expense	5,146	2,898
Net cash flow from operating activities	33,082	41,269

a. Compute the current ratio for each year. Round answers to two decimal places.

2014
2013

b. Compute times interest earned (TIE), the debt-to-equity (D/E), and the operating cash flow to current liabilities (OCFCL) ratios for each year. (In 2012, current liabilities totaled $29,407 million.) Round answers to two decimal places. When applicable, do not round until your final answer.

	2014	2013
TIE
D/E
OCFCL