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Compute and Interpret Liquidity and Solvency Ratios Selected balance sheet and income statement information from Siemens, AG, for 2015 through 2017 follows ( millions). 2015
Compute and Interpret Liquidity and Solvency Ratios Selected balance sheet and income statement information from Siemens, AG, for 2015 through 2017 follows ( millions). 2015 Total Current Assets Total Current Liabilities Cash Flow from Operations Pretax Income Interest Expense Total Liabilities Stockholders' Equity 51,442 39,562 6,612 7,218 818 85,293 34,474 55,329 42,916 7,611 7,404 989 90,901 34,211 58,429 43,394 7,176 8,306 1,051 89,277 43,089 2016 2017 a. Compute the current ratio for each year. Also compute the operating cash flow to current liabilities (OCFCL) ratio for each year. (In 2014, current liabilities totaled 36,598 million.) Round answers to two decimal places. Do not round your final answer. Current ratio OCFCL 2015 2016 2017 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. D/E 2015 2016 TIE 2017
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