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Tools For All (TFA) is a global supplier of tools and related accessories. The following data were taken from the company's 2018 annual report. Dollar
Tools For All (TFA) is a global supplier of tools and related accessories. The following data were taken from the company's 2018 annual report. Dollar amounts are in millions Fiscal Year's Ending December 31, 2010 December 11, 2017 Current assets $4.594.4 $4,572.0 Current liabilities 4,099.1 4,366.5 Total assets 19,321.0 19,363.5 Total Habilities 11,623.9 10,324.3 Required a. Compute TFA's current ratios for 2018 and 2017 (Round your answers to 2 decimal places.) b. Compute TFA's debt-to-assets ratios for 2018 and 2017 (Round your answers to 2 decimal places.) c. Based on the ratios computed in Requirements a and b, did TFA's liquidity get better or worse from 2017 to 20187 d. Based on the ratios computed in Requirements a and b, did TFA's solvency get better or worse from 2017 to 2018? 2018 lo 1 00 2017 to 100 a Current ratios b Debt-to-assets ratios c. Did TFA's liquidity get better or worse from 2017 to 2018? d Did TFA Solvency get better or worse from 2017 to 2018
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