Focusing on the following four ratios:

1) Current Ratio 2) Operating Cash Flow to Current Liabilities Ratio, 3) LT Debt to Total Equity Ratio 4) Interest Coverage Ratio

Tell a story about how Brown-Forman's liquidity and solvency risk have changed over time.

2013 2014 2015 2016 2017

Current Ratio 3.85 3.88 2.35 2.82 2.42

Operating Cash Flow to Current Liabilities 122.5% 125.5% 80.1%. 59.9%. 72.6%

LT Debt to Total Equity Ratio 61.2%. 49.1%. 39.3%. 78.7% 123.3%

Interest Coverage Ratio(reported amounts) 25.0 37.4 38.1 33.4. 16.8

Interest coverage Ratio (recurring amounts) 25.0 37.4 38.1 22.8 16.8