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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

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image text in transcribed

4) Compute the following short-term liquidity ratios for 2020, and provide a brief explanation after each ratio (round computations to two decimal places):

  1. Current ratio
  2. 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):

  1. Debt to assets
  2. 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 liabilities

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