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*Numbers in millions USD Use the Balance Sheet to answer the following questions (show your work): 1. Calculate the Current Ratio for the following fiscal
*Numbers in millions USD
Use the Balance Sheet to answer the following questions (show your work):
1. Calculate the Current Ratio for the following fiscal years (2019,2020,2021).
2019: 2020: 2021:
2. Calculate the Quick Ratio for the following fiscal years (2019, 2020, 2021).
2019: 2020: 2021:
BALANCE SHEET \begin{tabular}{llll} \hline 2019 & 2020 & 2021 \end{tabular} ASSETS LIABILITIES \begin{tabular}{lrrrr} \hline Debt in Current Liabilities & 7,592.000 & 1,961.000 & 1,564.000 \\ Notes Payable & 6,109.000 & 0.000 & 0.000 \\ Debt - Due in One Year & 1,483.000 & 1,961.000 & 1,564.000 \end{tabular} SHAREHOLDERS' EQUITYStep by Step Solution
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