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Computing Liquidity and Solvency Ratios The following information is provided for a company for the year ended December 31, 2020 ($ millions). Account Dec 31,

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Computing Liquidity and Solvency Ratios The following information is provided for a company for the year ended December 31, 2020 ($ millions). Account Dec 31, 2020 Total liabilities $64,476 Current liabilities 31,018 118,764 Current assets 39,624 Cash 10,647 Marketable securities 6,188 Accounts receivable 21,756 Total assets Compute the following ratios, rounding the answer to two digits after the decimal; for example, enter 1.42 for 1.424, or 1.43 for 1.425. a. Current ratio b. Quick ratio C. Total liabilities-to-equity 1.28 1.24 2.77 X

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