Here are the two most recent Toys"R" Us balance sheets. Toys"R" Us, Inc. and Subsidiaries Consolidated Balance Sheets Condensed and adapted for educational use In millions Fiscal year ending 1/28/2017 1/30/2016 ASSETS Current assets: Cash and cash equivalents $ 566 $ 680 Accounts and other receivables 255 225 Merchandise inventories 2,476 2,270 Other current assets 92 113 Total current assets $ 3,389 $ 3,288 Property and equipment, net 3,067 3,163 Other assets 452 459 Total assets $ 6,908 $ 6,910 LIABLITIES AND EQUITY Current liabilities Long-term debt Other non-current liabilities Total liabilities Total stockholders' equity (deficit) Total liabilities and equity $ 2,738 $ 4,642 820 $ 8,200 $ (1,292) $ 6,908 $ 2,798 4,612 765 8,175 (1,265) 6,910 Discussion Questions 1. Calculate the Toys "R" Us current ratio for the most recent two years. Interpret these ratios. 2. Calculate the Toys "R" Us quick ratio for the most recent two years. Interpret these ratios. How does the quick ratio compare to the current ratio? 3. Calculate the Toys"R" Us debt ratio for the most recent two years. Interpret these ratios