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CT11.2 Nestl's financial statements are presented in Appendix B. Financial statements of Delfi Limited are presented in Appendix C. Instructions a. Based on the

CT11.2 Nestl's financial statements are presented in Appendix B. Financial statements of Delfi Limited are presented in Appendix C. Instructions a. Based on the information contained in those financial statements, compute the following ratios for each company for the most recent fiscal year reported. 1. Debt to assets ratio. 2. Times interest earned. b. What conclusions concerning the companies' long-run solvency can be drawn from these ratios?

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