I need help in confirming how to get from the liquidity ratios the 1.current ratio=current Assets/current liabilities , the quick ratio = ( cash+marketeable securities+accounts receivable)/current liabilities
from profitability ratios
return on sales= Net income /sales
return on total assets= ( net income+( interest expense(1-tax rate)]}/average total assets ( please show me the work )
Verizon Communications Inc. Condensed Consolidated Statements of Income 3 Mos. Ended 9/30/20 Unaudited 3 Mos. Ended % 9/30/19 Change (dollars in millions, excopt por share amounts) 9 Mos. Ended 9 Mos. Ended % 9/30/20 9/30/19 Change $ S $ $ 82,301 Operating Revenues Service revenues and other Wireless equipment revenues Total Operating Revenues 27.431 4,112 31,543 27,753 5,141 32,894 (1.2) (20.01 81,604 11.996 93.600 14.792 97,093 (18.9) (3.6) 14.1) 0.7 23,348 7.955 4.579 7,902 5,482 Operating Expenses Cost of services Cost of wireless equipment Selling, general and administrative expense Depreciation and amortization expense Total Operating Expenses (20.1) 1.7 23.396 15,899 21.682 12,577 7,339 4.192 23 865 13,031 23,080 12.523 71,982 7,216 4,114 24,714 10.2) (17.0) 6.4 (0.4) (1.9) 1.9 (3.4) 73.354 (6.1) + (89) 70.0 7,875 19) (774) (1.044) Operating Income Equity in losses of unconsolidated businesses Other expe, nel Interest expense Income Before Provision For Income Taxes Provision for income taxes Net Income 3,180 (1) (110) 11.146) 6,923 2 (37.5) 23.739 (201 1,127) (3,571) 21,618 (34) () (703) (3,167) 17,714 (4.084) 13,630 (8.9) (15.5) (15.1) (156) 5,651 (1.347) 4.504 (11.3) (5.9) 18.2) 15.5) 19,021 (4.450) 14,571 (1,586 5,337 $ S S $ $ 2.a $ 401 Nel incur atributable to controlling interes Net income attributable to Verizon Net Income 147 S 4,357 4,504 S 143 5,194 5,337 417 $ 13,213 (161) (15.6) 4.0 16.8) (6.5) 14.170 14,571 $ $ 13.6330 $ Basic Earnings Per Common Share Net income attributable to Verizon Weighted average shares ouling in railliers $ 1.05 S 1.26 (16.71 S 3.19 1 3.42 16.7) 4,140 4,138 4.730 41.37 Diluted Earnings Per Common Share" Nat income attributable to Verizon Weighted average solares outstanding in millions! $ 1.05 S S 1.25 (16.0) 5 3.193 3.42 16.73 4 142 4.140 4.147 4140 Footnotes: (1) Diluted Eamings per Common Share includes the dilutive effect of shares issuable under our stock-based compensation plans, which represents the only potential dilution Nat meaningful Verizon Communications Inc. Condensed Consolidated Balance Sheets (dollars in milions) Unaudited 9/30/20 12/31/19 $ Change S 8,983 $ 23.846 1,229 2,594 $ 25,162 Assets Current assets Cash and cash equivalents Accounts receivable Loss Allowance for credit losscs Less Allowance for doubtful accounts Accounts receivabk, nel Inventories Prepaid expenses and other Total current assets 6,389 (2,316) 1.229 (733) (2,812 733 25,429 22.617 1,457 5,515 1.422 8,02a 37,473 35 12,513) 38,672 1.099 276,210 183,028 265,734 173,819 91,915 558 95,059 Property, plant and equipment Less Accumulated deprecatinn Property, plant and equipment, net Investments in unconsclidated businesses Wireless icenses Goodwill Other intangible assets, net Opraling lase right of us asses Other assets Total assets 93,182 20.104 5315 95,958 24.799 9,699 22,620 11,609 10,476 9,209 1,267 (23) 099 999 410 101 101 24,389 9,498 22,694 10,141 291,727 $ (14) 1,528 5.267 S 295,994 5 $ Liabilities and Equity Current liabilities Debt maturing within one year Accounts payable and accrued liabilities Current operating lease liabilities Other current liabilities 5,770 $ 17,391 3,494 10,777 $ 21,806 3,261 9,024 44.868 (5,007) (4.416) 233 506 9.530 Total current liabilities 36,185 (8.683) 9.078 109.790 18,756 34,667 204 Long-term debt Employee benefit obligationis Deferred income taxes Non-current operating lease liabilities Other liabilities Total long-term liabilities 100,712 17,952 31,703 18,393 12,264 184,024 18,155 13.011 194,270 (136) (238) 747 10.255 Equity 429 429 13.419 13,404 53,147 998 5,326 (1,810) Common stock Additional paid in capital Retained earnings Accumulated other comprehensive income (loss) Common stock in treasury. at cost Dcfcrred compensation cmployee stock ownership plans and other Noncontrolling interests Tolal muily Total liabilities and equity 99 58,473 (212) (6,721) 295 1,161 88,5330 296,994 $ 16,820) 222 74 21 1.440 62,835 291,727 S 3,696 S 5,267 Verizon Communications Inc. Consumer - Selected Financial Results 3 Mos. Ended 9/30/20 3 Mos. Ended 9/30/19 % Change 9 Mos. Ended 9/30/20 (dollars in milions) 9 Mos. Ended 9/30/19 Change Unaudited $ S $ Operating Revenues Services Wireless equipment Other Total Operating Revenues 11.1) (2017 16.255 S 3,403 2,078 21,736 18,433 4,257 2,016 22.706 43,496 9,989 8,129 64,614 49 042 12.326 5.481 66.849 (1.1) (19.0) ) 11.8 (3.3) (4.3) 4.035 Operating Expenses Cost of services Cost of wireless equipment Selling general and administrative expense Depreciation and amortization expense Total Operating Expenses 3.971 3.411 4,055 2,862 14.299 4,291 4,005 2.806 15,217 (20.5) 10.71 2.0 16.01 11,7816 10,161 12,350 8,531 42,831 11.761 12.342 12.090 8.581 44 774 0.2 (17.7) 2.2 (0.6) 14.3) $ $ 10.71 S $ (1.3) Operating Income Operating Income Margin 7.437 S 34.2% 7.489 33.0 % 21,783 33.7 % 22.075 33.0 % $ $ 10,299 S S $ (1.1) Segment EBITDA Segment EBITDA Margin 10.295 45.35 30,314 46.9% 30.656 45.9 % 47 4 % Footnotes: The segment financial results and metrics above are adjusted to exclude the effects of special items, as the Company's chief operating decision maker excludes these items in assessing segment performance. Certain intersegment transactions with corporate entities have not been eliminated. Verizon Communications Inc. Condensed Consolidated Statements of Income 3 Mos. Ended 9/30/20 Unaudited 3 Mos. Ended % 9/30/19 Change (dollars in millions, excopt por share amounts) 9 Mos. Ended 9 Mos. Ended % 9/30/20 9/30/19 Change $ S $ $ 82,301 Operating Revenues Service revenues and other Wireless equipment revenues Total Operating Revenues 27.431 4,112 31,543 27,753 5,141 32,894 (1.2) (20.01 81,604 11.996 93.600 14.792 97,093 (18.9) (3.6) 14.1) 0.7 23,348 7.955 4.579 7,902 5,482 Operating Expenses Cost of services Cost of wireless equipment Selling, general and administrative expense Depreciation and amortization expense Total Operating Expenses (20.1) 1.7 23.396 15,899 21.682 12,577 7,339 4.192 23 865 13,031 23,080 12.523 71,982 7,216 4,114 24,714 10.2) (17.0) 6.4 (0.4) (1.9) 1.9 (3.4) 73.354 (6.1) + (89) 70.0 7,875 19) (774) (1.044) Operating Income Equity in losses of unconsolidated businesses Other expe, nel Interest expense Income Before Provision For Income Taxes Provision for income taxes Net Income 3,180 (1) (110) 11.146) 6,923 2 (37.5) 23.739 (201 1,127) (3,571) 21,618 (34) () (703) (3,167) 17,714 (4.084) 13,630 (8.9) (15.5) (15.1) (156) 5,651 (1.347) 4.504 (11.3) (5.9) 18.2) 15.5) 19,021 (4.450) 14,571 (1,586 5,337 $ S S $ $ 2.a $ 401 Nel incur atributable to controlling interes Net income attributable to Verizon Net Income 147 S 4,357 4,504 S 143 5,194 5,337 417 $ 13,213 (161) (15.6) 4.0 16.8) (6.5) 14.170 14,571 $ $ 13.6330 $ Basic Earnings Per Common Share Net income attributable to Verizon Weighted average shares ouling in railliers $ 1.05 S 1.26 (16.71 S 3.19 1 3.42 16.7) 4,140 4,138 4.730 41.37 Diluted Earnings Per Common Share" Nat income attributable to Verizon Weighted average solares outstanding in millions! $ 1.05 S S 1.25 (16.0) 5 3.193 3.42 16.73 4 142 4.140 4.147 4140 Footnotes: (1) Diluted Eamings per Common Share includes the dilutive effect of shares issuable under our stock-based compensation plans, which represents the only potential dilution Nat meaningful Verizon Communications Inc. Condensed Consolidated Balance Sheets (dollars in milions) Unaudited 9/30/20 12/31/19 $ Change S 8,983 $ 23.846 1,229 2,594 $ 25,162 Assets Current assets Cash and cash equivalents Accounts receivable Loss Allowance for credit losscs Less Allowance for doubtful accounts Accounts receivabk, nel Inventories Prepaid expenses and other Total current assets 6,389 (2,316) 1.229 (733) (2,812 733 25,429 22.617 1,457 5,515 1.422 8,02a 37,473 35 12,513) 38,672 1.099 276,210 183,028 265,734 173,819 91,915 558 95,059 Property, plant and equipment Less Accumulated deprecatinn Property, plant and equipment, net Investments in unconsclidated businesses Wireless icenses Goodwill Other intangible assets, net Opraling lase right of us asses Other assets Total assets 93,182 20.104 5315 95,958 24.799 9,699 22,620 11,609 10,476 9,209 1,267 (23) 099 999 410 101 101 24,389 9,498 22,694 10,141 291,727 $ (14) 1,528 5.267 S 295,994 5 $ Liabilities and Equity Current liabilities Debt maturing within one year Accounts payable and accrued liabilities Current operating lease liabilities Other current liabilities 5,770 $ 17,391 3,494 10,777 $ 21,806 3,261 9,024 44.868 (5,007) (4.416) 233 506 9.530 Total current liabilities 36,185 (8.683) 9.078 109.790 18,756 34,667 204 Long-term debt Employee benefit obligationis Deferred income taxes Non-current operating lease liabilities Other liabilities Total long-term liabilities 100,712 17,952 31,703 18,393 12,264 184,024 18,155 13.011 194,270 (136) (238) 747 10.255 Equity 429 429 13.419 13,404 53,147 998 5,326 (1,810) Common stock Additional paid in capital Retained earnings Accumulated other comprehensive income (loss) Common stock in treasury. at cost Dcfcrred compensation cmployee stock ownership plans and other Noncontrolling interests Tolal muily Total liabilities and equity 99 58,473 (212) (6,721) 295 1,161 88,5330 296,994 $ 16,820) 222 74 21 1.440 62,835 291,727 S 3,696 S 5,267 Verizon Communications Inc. Consumer - Selected Financial Results 3 Mos. Ended 9/30/20 3 Mos. Ended 9/30/19 % Change 9 Mos. Ended 9/30/20 (dollars in milions) 9 Mos. Ended 9/30/19 Change Unaudited $ S $ Operating Revenues Services Wireless equipment Other Total Operating Revenues 11.1) (2017 16.255 S 3,403 2,078 21,736 18,433 4,257 2,016 22.706 43,496 9,989 8,129 64,614 49 042 12.326 5.481 66.849 (1.1) (19.0) ) 11.8 (3.3) (4.3) 4.035 Operating Expenses Cost of services Cost of wireless equipment Selling general and administrative expense Depreciation and amortization expense Total Operating Expenses 3.971 3.411 4,055 2,862 14.299 4,291 4,005 2.806 15,217 (20.5) 10.71 2.0 16.01 11,7816 10,161 12,350 8,531 42,831 11.761 12.342 12.090 8.581 44 774 0.2 (17.7) 2.2 (0.6) 14.3) $ $ 10.71 S $ (1.3) Operating Income Operating Income Margin 7.437 S 34.2% 7.489 33.0 % 21,783 33.7 % 22.075 33.0 % $ $ 10,299 S S $ (1.1) Segment EBITDA Segment EBITDA Margin 10.295 45.35 30,314 46.9% 30.656 45.9 % 47 4 % Footnotes: The segment financial results and metrics above are adjusted to exclude the effects of special items, as the Company's chief operating decision maker excludes these items in assessing segment performance. Certain intersegment transactions with corporate entities have not been eliminated
