VE9-21A (similar to) EQuestion Help Companies that operate in different industries may have very different financial ratio values. These differences may grow even wider when we compare companies located in different countries. Review the following financial statements. E(Click the icon to view the financial statements.) Read the requirement Begin by computing the ratios. Start by selecting the formula for the current ratio. Then calculate the current ratios for Agerton, Milch, and Reamer. (Enter amounts in millions or billions as provided to you in the problem statement. Round the ratios to two decimal places.) Total current assets Total current liabilities Current ratio 426 197 2.16 Agerton 5,573 2,177 2.56 Milch / 72,000 154,800 2.15 Reamer Next, select the formula for the debt ratio. Then calculate the debt ratios for Agerton, Milch, and Reamer. (Enter amounts in millions or billions as provided to you in the problem statement. Round the ratios to two decimal places.) Total assets Total liabilities Debt ratio 304 560 0.54 Agerton Milch Enter any number in the edit fields and then click Check Answer parts remaining 10 Clear All Check Answer i Data Table (Amounts in millions or billions) Agerton Milch Reamer Income data Total revenues $9,729 7,323 136,457 Operating income 233 5,707 298 Interest expense 43 688 31 Net income 27 17 444 Asset and liability data (Amounts in millions or billions) Total current assets 154,800 426 5,573 Long-term assets 134 937 73,834 72,000 Total current liabilities 2,177 197 Long-term liabilities 2,315 110,907 107 Common stockholders' equity 256 2,018 45,727 Print Done X i - Requirement 1. Compare three fictitious companies (Agerton, Milch, and Reamer) by calculating the following ratios: current ratio, debt ratio, leverage ratio, and times-interest-earned ratio. Use year-end figures in place of averages where needed for calculating the ratios in this exercise. Based on your computed ratio values, which company looks the least risky? Print Done