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

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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 54,239 42,816 7,589 7,302 763 79,507 31,966 2013 49,048 38,057 7,852 6,479 787 75,936 29,222 2014 50,187 36,787 7,896 8,093 767 76,036 32,065 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 44,671 million.) Round answers to two decimal places. Do not round your final answer. Current ratio OCFCL 2012 1.27 2013 1.29 1.36 2014 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 2013 2014

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