Tupperware Company claims to be “one of the world’s leading direct sellers, supplying premium food storage, preparation and serving items to consumers in more than 100 countries through its Tupperware brand.” The following data were taken from the company’s 2004 annual report. Dollar amounts are in millions.

Required:

a. Compute Tupperware’s current ratios for 2004 and 2003.

b. Compute Tupperware’s debt to assets ratios for 2004 and 2003.

c. Based on the ratios computed in Requirements a and

b, did Tupperware’s liquidity get better or worse from 2003 to 2004?

d. Based on the ratios computed in Requirements a and

b, did Tupperware’s solvency get better or worse from 2003 to 2004?

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Current assets Current liabilities Total assets Total liabilities Fiscal Years Ending December 31, 2004 December 31, 2003 $466.0 $411.4 292.1 290.4 983.2 915.9 692.3 687.7