The financial statements of Metro Corporation follow (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.) 1. Calculate the company's debt ratio at December 31, 2018. 2. Calculate the company's times-interest-Barned 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 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 amounts in millions as given in the question. Enter the debt ratio as a decimal to two places. X.XX.) Debt ratio Average inventory Average not receivables Cash Current assets Current liabilities Income from operations Interest expense Inventory Netreceivables Short-term investments Total assets Total liabilities Choose from any list or enter any number in the input fields and then click Check Answer. ? 2 parts Clear All remaining Check Answer The financial statements of Metro Corporation follow (Click the icon to view the assets section of the balance sheet.) 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 loon to view the abilities 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 amo . ( Debt ratio Metro Corportion Balance Sheets (Adapted) December 31, 2018 and 2017 Increase (Decrease) Amount Percentage (Dollar amounts in millions) 2018 2017 Assets S 1.210 $ 980 230 23.5% 48 230 268 Current assets: Cash and cush equivalents Short-term investments Receivables, not Inventories Prepaid expenses and other assets Total current assets Property, plant, and equipment, net Intangible assets (70.8) (142) 45.7 102 292 (34) (38) 32 (10) 180 70 302 (3.3) 1,848 1,668 10.8 274 3,660 1,020 826 3,386 848 8.1 20.3 172 96 730 Other assets 13.2 S 7,354 $ 6,632 S 722 Total assets 10.9 % Choose from any list or enter any number in the input fields and then click Check Answer Print Done ? 2 parts remaining - Clear All Check Answer foris. alculated for The financial statements of Metro Corporation follow: (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 pe icon to the income staderant i Data Table - X 1. Calculate the Metro Corporation Balance Sheet (Adpated) December 31, 2018 and 2017 Increase (Decrease) Amount Percentage 2018 2017 Select the formy as giver Dollar amounts in millions) Liabilities and Stockholders' Equity Current liabilities: Accounts payable Income tax payable Short-term debt S 966 S 380 $ 106 12.3% 42 (24) 2017 116 10.3 128 66 S 12 (2) 9.319 4.851 Other (2.9) 93 1,202 1,110 92 Metro Corporation Statements of Income (Adapted) Year Ended December 31, 2018 and 2017 (Dollar amounts in millions) 2018 Net revenues 9,500 S 4.589 Cost of goods sold Gross profit 4,911 General and administrative expenses 3,607 Income from operations 1,304 Interest expense, nel 204 net Income before income taxes 1,100 Provision for income taxes 389 Net income $ 711 S 4.468 3,456 678 22.8 Total current liabilities Long-lorm debl Other liabilities Total liabilities 3,648 1,128 2.970 1,095 32 2.9 1,012 178 5,978 5.178 802 15.5 834 251 2 2 (6.5) 583 Stockholders' equity: Common slock Retained eamings Accumulated other comprehensive (loss) Total stockholders' equity Total liabilities and stockholders' equity 1,534 (160) 1 640 (186) (106) 26 140 1,376 1,458 (80) (5.5) Print Done S 7,354 S 6.632 $ 722 10.9 % Print Done Choose from any list or enter any number in the input fields and then click Check Answer. ? 2 parts remaining - Clear All Check