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QUESTION 1 Not changed since last attempt Marked out of 2.00 Flag question Compute and Interpret Liquidity, Solvency and Coverage Ratios Selected balance sheet and

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QUESTION 1 Not changed since last attempt Marked out of 2.00 Flag question Compute and Interpret Liquidity, Solvency and Coverage Ratios Selected balance sheet and income statement information for Calpine Corporation for 2004 and 2006 follows. (s millions) 2004 2006 Cash Accounts receivable Current assets Current liabilities Long-term debt Short-term debt Total liabilities Interest expense Capital expenditures Equity Cash from operations Earnings before interest and taxes $1,416.73 $1,403.36 735.30 3,838.563,293.33 3,285.396,057.95 16,940.813,561.63 1,033.964,568.83 22,808.42 25,773.17 1,516.90 1,288.29 211.50 4,587.67(7,152.90) 185.98 1,927.84 1,097.16 1,545.48 188.89 1,554.84 (a) Compute the following liquidity, solvency and coverage ratios for both years. (Round your answers to two decimal places.) 2006 current ratio 1.02

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