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What is the current ratio and quick ratio for Verizon based on the following balance sheet? 40 Verizon Communications Inc. and Subsidiaries Consolidated Balance Sheets
What is the current ratio and quick ratio for Verizon based on the following balance sheet?
40 Verizon Communications Inc. and Subsidiaries Consolidated Balance Sheets At December 31, Assets Current assets Cash and cash equivalents Short-term investments Accounts receivable, net of allowances of $882 and $739 Inventories Assets held for sale Prepaid expenses and other Total current assets Plant, property and equipment Less accumulated depreciation Plant, property and equipment, net Investments in unconsolidated businesses Wireless licenses Goodwill Other intangible assets, net Non-current assets held for sale Deposit for wireless licenses Other assets Total assets (dollars in millions, except per share amounts) 2015 2014 10,598 4,470 3500 555 13,993 13,457 1,252 1,153 792 552 1,959 2,648 29,499 22,280 220,163 230,508 136,622 140,561 83,541 89,947 796 802 86,575 75,341 24,639 25,331 5,728 8,338 10,267 921 7,512 5,739 244,640 232,616Step by Step Solution
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