a. Compute the current ratio and operating cash flow to current liability ratios for each year. Verizon's 2009 current liabilities were $29,136 million. Round answers to two decimal places. b. Compute times interest earned and the debt-to-equity ratios for each year. Round answers to two decimal places. (S millions) 2011 2010 Current assets $ 30,939 22,348 Current liabilities 30,761 30,597 Total liabilities 144,553 133,093 Equity 85,908 86,912 Earnings before interest and taxes 13,310 15,207 Interest expense 2,827 2,523 Net cash flow from operating activities 29,780 33,363 Round answers to two decimal places. 2011 2010 a. Current Ratio OCFCL b. Debt-to-Equity Times Interest Earned
a. Compute the current ratio and operating cash flow to current liability ratios for each year. Verizon's 2009 current liabilities were $29,136 million. Round answers to two decimal places. b. Compute times interest earned and the debt-to-equity ratios for each year. Round answers to two decimal places. (S millions) 2011 2010 Current assets $ 30,939 22,348 Current liabilities 30,761 30,597 Total liabilities 144,553 133,093 Equity 85,908 86,912 Earnings before interest and taxes 13,310 15,207 Interest expense 2,827 2,523 Net cash flow from operating activities 29,780 33,363 Round answers to two decimal places. 2011 2010 a. Current Ratio OCFCL b. Debt-to-Equity Times Interest Earned
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Please answer both
Transcribed Image Text:a. Compute the current ratio and operating cash flow to current liability ratios for each year. Verizon's 2009 current liabilities were $29,136 million. Round answers to two decimal places.
b. Compute times interest earned and the debt-to-equity ratios for each year. Round answers to two decimal places.
($ millions)
2011
2010
Current assets
$ 30,939 22,348
Current liabilities
30,761
30,597
Total liabilities
144,553 133,093
Equity
85,908 86,912
Earnings before interest and taxes
13,310
15,207
Interest expense
2,827
2,523
Net cash flow from operating activities
29,780
33,363
Round answers to two decimal places.
2011
2010
a.
Current Ratio
OCFCL
b.
Debt-to-Equity
Times Interest Earned
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