Refer to P&G's 2019 financial statements and the accompanying notes to answer the following questions.

a. What cash outflow obligations related to the repayment of long-term debt does P&G have over the next 5 years?

b. P&G indicates that it believes that it has the ability to meet business requirements in the foreseeable future. Prepare an assessment of its solvency using ratio analysis

FINANCIAL HIGHLIGHTS (UNAUDITED) Amounts in billions, except per share amounts 2016 2019 2018 2017 2015 $67.7 $66.8 $65.1 $65.3 $70.7 Net Sales $11.1 $5.5 $13.4 $13.8 $13.3 Operating Income $9.8 $3.9 $15.3 $10.5 $7.0 Net Earnings Attributable to P&G Net Earnings Margin from Continuing Operations 15.7% 5.9% 14.8% 15.4% 11.7% $1.43 $3.67 $3.69 $3.49 $2.84 Diluted Net Earnings per Common Share from Continuing Operations' $1.43 $3.67 $5.59 $3.69 $2.44 Diluted Net Earnings per Common Share' Core Earnings per Share? $4.52 $4.22 $3.92 $3.67 $3.76 $15.2 $14.9 $12.8 $15.4 $14.6 Operating Cash Flow $2.90 $2.79 $2.70 $2.66 $2.59 Dividends per Common Share 2019 NET SALES BY 2019 NET SALES BY BUSINESS SEGMENT3 GEOGRAPHIC REGION