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Selected balance sheet and income statement information from Verizon Communications Inc. follows: $ millions 2018 2017 Current assets $34,636 $30,810 Current liabilities 39,068 33,037 Total

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Selected balance sheet and income statement information from Verizon Communications Inc. follows: $ millions 2018 2017 Current assets $34,636 $30,810 Current liabilities 39,068 33,037 Total liabilities 382,308 403,631 Equity 56,351 44,687 Earnings before interest and taxes 22,278 28,248 Interest expense, gross 4,978 4.733 Net cash flow from operating activities 34,339 25,048 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 b. Times interest earned Liabilities-to-equity

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