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Selected balance sheet and income statement information from Verizon Communications Inc. for 2019 and 2018 follows ($ millions). Total Current Total Current EBIT Interest Stockholders

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Selected balance sheet and income statement information from Verizon Communications Inc. for 2019 and 2018 follows ($ millions). Total Current Total Current EBIT Interest Stockholders Total Liabilities Assets Liabilities Expense, Gross Equity 2019 $22,280 $35,052 $32,974 $4,920 $226,798 $17,842 2018 29,499 27,987 21,379 4,915 218,940 13,676 a) Compute the current ratio for each year and discuss any trend in liquidity. Do you believe the company is sufficiently liquid? Explain. What additional information about the accounting numbers comprising this ratio might be useful in helping you assess liquidity? Explain. Selected balance sheet and income statement information from Verizon Communications Inc. for 2019 and 2018 follows ($ millions). Total Current Total Current EBIT Interest Stockholders Total Liabilities Assets Liabilities Expense, Gross Equity 2019 $22,280 $35,052 $32,974 $4,920 $226,798 $17,842 2018 29,499 27,987 21,379 4,915 218,940 13,676 a) Compute the current ratio for each year and discuss any trend in liquidity. Do you believe the company is sufficiently liquid? Explain. What additional information about the accounting numbers comprising this ratio might be useful in helping you assess liquidity? Explain

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