-X Requirements ns 1. Calculate the following ratios for 2016 and 2015 a. Current ratio b. Debt ratio During 2016, The Tropical Juice Company issued $1,830 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? 2. re 20 cu 3. The Tropical Juice Company reports that its lease payments under operating leases will total $890 million in the future and $210 million will occur in the next year (2017) What would the current ratio and debt ratio have been in 2016 if these leases had been capitalized? Print Done ebt 4 0C nnlal 4 Thon nt Te debtentlo The Tropical Juice Company reported the following comparative information at December 31, 2016, and December 31, 2015 (amounts in millions and adapted) EEB (Click the icon to view the amounts.) Read the requirements Requirement 1a. Calculate the current ratios for 2016 and 2015 Select the formula to compute the current ratio Then enter the amounts into the formula and calculate the current ratios at the end of 2016 and 2015 (Enter amounts in millions. Round your answers to two decimal places.) Current ratio 2016 2015 Requirement 1b. Calculate the debt ratios for 2016 and 2015 Select the formula to compute the debt ratio. Then enter the amounts into the formula and calculate the debt ratios at the end of 2016 and 2015. (Enter amounts in millions. Round you two decimal places.) Debt ratio 2016 2015 Next, select the formula to compute the debt ratio. Then enter the amounts into the formula and calculate the debt ratio at the end of 2016 assuming that the refinancing had not been made Enter amounts in millions. Round your answers to two decimal places ) Debt ratio Requiremont Requirement 3. The Tropical Juice Company reports that its lease payments under operating leases will total $890 million in the future and $210 million will occur in the next year (2017) What would the current ratio and debt ratio have been in 2016 if these leases had been capitalized? Select the formula to compute the current ratio. Then enter the amounts into the formula and calculate the current ratio at the end of 2016 assuming that these leases had been capitalized (Enter amounts in millions. Round your answers to two decimal places) Current ratio Next, select the formula to compute the debt ratio. Then enter the amounts into the formula and calculate the debt ratio at the end of 2016 assuming that these leases had been capitalized. (Enter amounts in millions. Round your answers lo two decimal places.) Debl ratio Choose from any list or enter any number in the input fields and then continue to the next question. 2016 2015 Current assets. S 20.500 S 17900 Total assets 71,500 48,400 Current liabilities 19.800 12.300 Total stockholders' equity 26.300 30.800 30.200 35,200 Net sales 7.160 11.425 Net income Print Done