Compute and Interpret Liquidity and Solvency Ratios Selected balance sheet and income statement information from Siemens, AG, for 2012 through 2014 follows ( millions).

	Total Current Assets	Total Current Liabilities	Cash Flow from Operations	Pretax Income	Interest Expense	Total Liabilities	Stockholders' Equity
2012	56,576	45,153	8,478	8,191	777	81,844	33,442
2013	51,385	40,394	8,741	7,368	801	78,273	30,698
2014	52,524	39,124	8,785	8,982	781	78,373	33,541

a. Compute the current ratio for each year. Also compute the operating cash flow to current liabilities (OCFCL) ratio for each year. (In 2011, current liabilities totaled 46,147 million.) Round answers to two decimal places. Do not round your final answer.

	Current ratio	OCFCL
2012	Answer	Answer
2013	Answer	Answer
2014	Answer	Answer

b. Compute times interest earned and the debt-to-equity ratio for each year. Round answers to two decimal places. Do not round your final answer.

	TIE	D/E
2012	Answer	Answer
2013	Answer	Answer
2014	Answer	Answer