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Compute and Interpret Liquidity, Solvency and Coverage Ratios Selected balance sheet and income statement information from Verizon Communications Inc. follows. ($ millions) 2016 2015 Current

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Compute and Interpret Liquidity, Solvency and Coverage Ratios Selected balance sheet and income statement information from Verizon Communications Inc. follows. ($ millions) 2016 2015 Current assets $ 26,395 $22,355 Current liabilities 30,340 35,052 Total debt 108,078 109,729 Total liabilities 220,148 226,333 Equity 24,032 17,842 Earnings before interest and taxes 27,059 33,060 Interest expense 4,376 4,920 Net cash flow from operating activities $ 22,715 $ 38,930 Round all your answers to two decimal places, 2016 net operating cash flow to total debt = 0.1 2015 net operating cash flow to total debt = 0.17

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