Question 3 Not changed since last attempt Marked out of 1.11 Flag question Compute Liquidity and Solvency Ratios Selected balance sheet and income statement information from Verizon Communications Inc. follows. Current assets $ millions Current liabilities Total liabilities 2018 2017 $34,636 $29,614 37,551 33,037 382,308 387,956 Equity 54,163 44,687 Earnings before interest and taxes 22,278 27,151 Interest expense, gross 4,785 4,733 Net cash flow from operating activities 34,339 24,075 Compute the following ratios for Verizon for both 2018 and 2017. Note: Round amount to two decimal places (for example, enter 6.78 for 6.77555). Ratio 2018 2017 a. Current ratio 92.2 89.6 b. Times interest earned 4.66 5.74 c. Liabilities-to-equity 7.06 8.68