Question
Compute and Interpret Liquidity and Solvency Ratios Selected balance sheet and income statement information from Comcast Corporation for 2015 and 2014 follows ($ millions). Total
Compute and Interpret Liquidity and Solvency Ratios Selected balance sheet and income statement information from Comcast Corporation for 2015 and 2014 follows ($ millions).
| Total Current Assets | Total Current Liabilities | Income Before Interest and Taxes | Interest Expense | Total Liabilities* | Stockholders' Equity | |
|---|---|---|---|---|---|---|
| *Includes redeemable noncontrolling interests | ||||||
| 2015 | $13,003 | $18,178 | $16,373 | $2,702 | $112,596 | $55,278 |
| 2014 | 14,231 | 17,410 | 15,701 | 2,617 | 106,118 | 54,368 |
a. Compute the current ratio for each year. Round answers to two decimal places.
| Current Ratio | |
|---|---|
| 2015 | Answer |
| 2014 | Answer |
b. Compute times interest earned and the liabilities-to-equity ratio for each year. Round answers to two decimal places.
| Times interest | Liabilities to | |
|---|---|---|
| earned | equity | |
| 2015 | Answer | Answer |
| 2014 | Answer | Answer |
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Principles Of International Auditing And Assurance
Authors: Rick Hayes, Philip Wallage, Peter Eimers
4th Edition
9463720065, 978-9463720069
