The financial statements of Metro Corporation follow 1. Calculate the company's debt ratio at December 31, 2018 2. Calculate the company's times-interest-earned ratio for 2018 For operating income, use income from operations 3. Is Metro's ability to pay liabilities and interest expense strong or weak? Comment on the value of each ratio calculated for questions 1 and 2 (Click the icon to view the assets section of the balance sheet.) (Click the icon to view the liabilities and stockholders' equity sections of the balance sheet.) (Click the icon to view the income statement.) Data Table 1. Calculate the company's debt ratio at December 31, 2018 Select the formula and then enter the amounts to calculate the debt ratio. (Enter currency an Data Table Metro Corporation Balance Sheet (Adpated) December 31, 2018 and 2017 Debt ratio w Increase (Decrease) 2017 2018 Amount Percentag (Dollar amounts in millions) Data Table Metro Corportion Balance Sheets (Adapted) December 31, 2018 and 2017 Increase (Decrease) Amount Percentage 5 966 S 860 5 12.3 % Liabilities and Stockholders' Equity Current liabilities: Accounts payable Income tax payable Short-term debt 106 124) 2017 2018 (Dollar amounts in millions) 42 66 (36.4) 116 128 12 10.3 Assets 66 68 (2) Current assets: (29) Other a la llanes $ 1.210 S 980 $ 230 23.5% 1202 1.110 92 8.3 48 (34) (38) Total current liabilities Long-term debt 22.8 3.648 268 (70.8) (14.2) 45.7 2.970 1,096 678 32 1 128 29 Cash and cash equivalents Short-term investments Receivables, net Inventories Prepaid expenses and other assets Total current assets 14 230 102 292 32 Other liabilities Metro Corporation Statements of Income (Adapted) Year Ended December 31, 2018 and 2017 (Dollar amounts in millions) 2018 2017 Net revenues S 9,500 S 9.319 4,589 4.851 Cost of goods sold Gross profit 4,911 4,468 3,607 3,456 General and administrative expenses Income from operations 1,304 1.012 204 178 Interest expense, net Income before income taxes 1,100 834 389 251 Provision for income taxes 711 5 583 Net Income 70 302 5,978 5 176 802 15.5 (10) (3.3) 1.848 1,668 180 10.8 Total liabilities Stockholders' equity: Cammon stock 2 2 8.1 274 3,660 (6.5) 3.386 848 730 172 20.3 Retained earnings 1534 (160) (106) 26 Property, plant, and equipment, net Intangible assets Other assets 1 640 (186) 1.456 1.020 826 14.0 96 13.2 Accumulated other comprehensive loss) Total stockholders' equity (80) (55) 7,354 5 $ 722 6.632 $ 10.9 % 1,376 73545 5 6.632 5 722 109% Total assets Total liabilities and stockholders' equity 9:39 PM 6/22/2021 Print Done 97 Rain com.ng Done Print W Type here to search