Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Compute and Interpret Liquidity and Solvency Ratios Selected balance sheet and income statement information from Comcast Corporation for 2009 through 2011 follows ($ millions). (During
Compute and Interpret Liquidity and Solvency Ratios Selected balance sheet and income statement information from Comcast Corporation for 2009 through 2011 follows ($ millions). (During 2011, Comcast acquired 51% of NBC Universal and began to incorporate NBC Universal's financial information into its own statements.) Total Current Total Current Pretax Interest Total Stockholders' Assets Liabilities Income Expense Liabilities Equity 2009 $4,223 $7,249 $5,106 $2,248 $70,922 $42,811 2010 9,886 8,234 6,104 2,056 78,100 44,434 2011 9,573 13,241 8,207 2,405 114,163 47,655 a. Compute the current ratio for each year. (Round your answers to one decimal place.) 2009 0.6 2010 1.2 2011 0.7 b. Compute times interest earned and the debt-to-equity ratio for each year. (Round your answers to one decimal place.) 2009 2010 2011 Times interest earned Debt-to-equity 2.2 x Ox 3 x 0 x OX OX
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