The Cola Company reported the following comparative information at December 31, 2017, and December 31, 2016 (amounts in millions and adapted):

Requirements
1. Calculate the following ratios for 2017 and 2016:
a. Current ratio
b. Debt ratio
2. At the end of 2017, The Cola Company issued $1,590 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?
3. The Cola Company reports that its lease payments under operating leases will total $965 million in the future and $205 million will occur in the next year (2018). What would the current ratio and debt ratio have been if these leases had been capitalized?

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2017 $21,579 72,921 18,508 31,317 35,119 11,809 2016 Current assets Total assets Current liabilities. Total stockholders' equity Net sales Net i $17,551 48,671 13,721 25,346 30,990