Please calculate the debts to assets ratio for the years 2022 and 2021, also please show your work. Verizon Communications Inc. and SubsidiariesAt December 31,AssetsCurrent assetsCash and cash equivalentsAccounts receivableLess Allowance for credit lossesAccounts receivable, netInventoriesPrepaid expenses and otherTotal current assetsProperty, plant and equipmentLess Accumulated depreciationProperty, plant and equipment, netInvestments in unconsolidated businessesWireless licensesGoodwillOther intangible assets, netOperating lease right-of-use assetsOther assetsTotal assetsLiabilities and EquityCurrent liabilitiesDebt maturing within one yearAccounts payable and accrued liabilitiesCurrent operating lease liabilitiesOther current liabilities.Total current liabilitiesLong-term debtEmployee benefit obligationsDeferred income taxesNon-current operating lease liabilitiesOther liabilitiesTotal long-term liabilities.(dollars in millions, except per share amounts)20222021$$2,605 $25,33282624,5062,3888,35837,857307,689200,255107,4341,071149,79628,67111,46126,13017,260379,680 $9,963 $23,9774,13412,09750,171140,67612,97443,44121,55818,397237,0462,92124,74289623,8463,0556,90636,728289,897190,20199,6961,061147,61928,60311,67727,88313,329366,5967,44324,8333,85911,02547,160143,42515,41040,68523,20313,513236,236

At December 31, Assets Current assets Cash and cash equivalents Accounts receivable Less Allowance for credit losses Accounts receivable, net Inventories (dollars in millions, except per share amounts) 2022 2021 $ 2,605 25,332 826 24,506 2,388 $ 2,921 24,742 896 23,846 3,055

At December 31, Assets Current assets Cash and cash equivalents Accounts receivable Less Allowance for credit losses Accounts receivable, net Inventories (dollars in millions, except per share amounts) 2022 2021 $ 2,605 25,332 826 24,506 2,388 $ 2,921 24,742 896 23,846 3,055

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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