• Prepare a liquidity analysis by computing and using the appropriate ratios to assess liquidity.
  • Compute a minimum of three ratios and show your supporting calculations.
• Prepare a solvency analysis by computing and using the appropriate ratios to assess solvency.
  • Compute a minimum of three ratios and show your supporting calculations.

Condensed Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions
	Jun. 30, 2021	Mar. 31, 2021
Operating Revenues
Operating Revenues	$ 33,764	$ 32,867
Operating Expenses
Selling, general and administrative expense	7,324	7,401
Depreciation and amortization expense	4,020	4,174
Total Operating Expenses	25,599	25,097
Operating Income	8,165	7,770
Equity in earnings (losses) of unconsolidated businesses	1	8
Other income (expense), net	502	401
Interest expense	(844)	(1,101)
Income Before Provision For Income Taxes	7,824	7,078
Provision for income taxes	(1,875)	(1,700)
Net Income	5,949	5,378
Net income attributable to noncontrolling interests	149	133
Net income attributable to Verizon	5,800	5,245
Net Income	$ 5,949	$ 5,378
Basic Earnings Per Common Share
Net income attributable to Verizon (USD per share)	$ 1.40	$ 1.27
Weighted-average shares outstanding (in shares)	4,141	4,141
Diluted Earnings Per Common Share
Net income attributable to Verizon (USD per share)	$ 1.40	$ 1.27
Weighted-average shares outstanding (in shares)	4,143	4,142
Service and Other
Operating Revenues
Operating Revenues	$ 28,221	$ 27,923
Service
Operating Expenses
Cost of services and equipment	8,324	8,020
Wireless equipment
Operating Revenues
Operating Revenues	5,543	4,944
Operating Expenses
Cost of services and equipment	$ 5,931	$ 5,502