Question
Technology, Inc. Balance Sheet September 30, 2020 (In millions) 2020 Assets Current Assets Cash and cash equivalents $ 21,120 Short-term marketable securities 20,481 Accounts receivable,
Technology, Inc. Balance Sheet September 30, 2020 (In millions) | ||
2020 | ||
Assets | ||
Current Assets | ||
Cash and cash equivalents | $ | 21,120 |
Short-term marketable securities | 20,481 | |
Accounts receivable, net | 16,849 | |
Merchandise inventory | 2,349 | |
Other current assets | 28,579 | |
Total current assets | 89,378 | |
Noncurrent assets | ||
Long-term marketable securities | 164,065 | |
Property, plant and equipment, net | 22,471 | |
Other assets | 14,565 | |
Total assets | $ | 290,479 |
Liabilities and shareholders' equity | ||
Current liabilities | ||
Accounts payable | $ | 35,490 |
Accrued expenses and other liabilities | 45,120 | |
Total current liabilities | 80,610 | |
Noncurrent liabilities | ||
Long-term debt | 90,514 | |
Shareholders' equity | ||
Common stock | 27,416 | |
Retained earnings | 91,939 | |
Total liabilities and shareholders' equity | $ | 290,479 |
4) Compute the following short-term liquidity ratios for 2020, and provide a brief explanation after each ratio (round computations to two decimal places):
- Current ratio
- Quick ratio
5) Compute the following long-term solvency ratios for 2020, and provide a brief explanation after each ratio (round computations to two decimal places):
- Debt to assets
- Debt to equity
Please help with 4 and 5! will give like! thanks
4. Current and Quick Ratios Current ratio to For every dollar in current liabilities, the company hat in current assets. REME Quick ratio = II to For every dollar in current liabilities, the company hac in quick assets. 5. Long-Term Solvency Ratios (a) Debt to assets = to percent of the company's assets were funded by creditors. The remaining percent were funded by owners. Debt to equity to For every dollar in shareholders' equity, the company had cents in liabilitiesStep by Step Solution
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