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The Soda Company reported the following comparative information at December 31,2021 , and December 31,2020 (amounts in millions and adapted): (Click the icon to view

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The Soda Company reported the following comparative information at December 31,2021 , and December 31,2020 (amounts in millions and adapted): (Click the icon to view the amounts) Read the requirements. Requirement 1a. Calculate the current ratios for 2021 and 2020. Select the formula to compute the current ratio. Then enter the amounts into the formula and calculate the current ratios at the end of 2021 and 2020. (Enter amounts in milions. Round yout answers to two decimal places.) Data table Requirements 1. Calculate the following ratios for 2021 and 2020 : a. Current ratio b. Debt ratio 2. During 2021, The Soda Company issued $1,750 million of long-term debt that was used to retire short-term debt. What would the current ratio and debt ratio have been if this transaction had not been made

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