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Presented below are selected financial data from the Medtronic 2018 annual report. Using the ratio definitions from Exhibit 4.6, calculate the following liquidity and solvency

Presented below are selected financial data from the Medtronic 2018 annual report. Using the ratio definitions from Exhibit 4.6, calculate the following liquidity and solvency ratios: cash and marketable securities to total assets, quick ratio, current ratio, long-term debt to total assets, long-term debt to shareholders' equity, and the interest coverage ratio. Evaluate Medtronic's liquidity and solvency. (amounts in millions) Balance sheet Cash and cash equivalents Marketable securities Accounts receivable (net) 2018 2017 $4,393 $3,669 5,470 7,572 7.951 5.987 Total current assets Total assets Current liabilities Current portion of long-term debt. Long-term debt Shareholders' equity Income statement 24,084 24,974 89,694 91,403 6,987 8,363 500 1,000 24.476 23.698 50,091 50,729 Interest expense $1,108 $1,094 Net income before taxes 5.968 5.131

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