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Compute Liquidity and Solvency Ratios Selected balance sheet and income statement information from Verizon Communications Inc. follows. $ millions 2018 2017 Current assets $34.636 $30,511

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Compute Liquidity and Solvency Ratios Selected balance sheet and income statement information from Verizon Communications Inc. follows. $ millions 2018 2017 Current assets $34.636 $30,511 Current liabilities 38,689 33,037 Total liabilities 382,308 399,713 Equity 55,804 44,687 Earnings before interest and taxes 22,278 27,974 Interest expense, gross 4,930 4,733 Net cash flow from operating activities 34,339 24,804 Compute the following ratios for Verizon for both 2018 and 2017. Note: Round amount to two decimal places (for example, enter 6.78 for 6.77555). Ratio 2018 2017 a. Current ratio 0 b. Times interest earned Liabilities-to-equity

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