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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
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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Please calculate the debts to assets ratio for the years 2022 and 2021, also please show your work.
Verizon Communications Inc. and Subsidiaries At December 31, Assets Current assets Cash and cash equivalents Accounts receivable Less Allowance for credit losses Accounts receivable, net Inventories Prepaid expenses and other Total current assets Property, plant and equipment Less Accumulated depreciation Property, plant and equipment, net Investments in unconsolidated businesses Wireless licenses Goodwill Other intangible assets, net Operating lease right-of-use assets Other assets Total assets Liabilities and Equity Current liabilities Debt maturing within one year Accounts payable and accrued liabilities Current operating lease liabilities Other current liabilities. Total current liabilities Long-term debt Employee benefit obligations Deferred income taxes Non-current operating lease liabilities Other liabilities Total long-term liabilities. (dollars in millions, except per share amounts) 2022 2021 $ $ 2,605 $ 25,332 826 24,506 2,388 8,358 37,857 307,689 200,255 107,434 1,071 149,796 28,671 11,461 26,130 17,260 379,680 $ 9,963 $ 23,977 4,134 12,097 50,171 140,676 12,974 43,441 21,558 18,397 237,046 2,921 24,742 896 23,846 3,055 6,906 36,728 289,897 190,201 99,696 1,061 147,619 28,603 11,677 27,883 13,329 366,596 7,443 24,833 3,859 11,025 47,160 143,425 15,410 40,685 23,203 13,513 236,236
Transcribed Image Text:Verizon Communications Inc. and Subsidiaries At December 31, Assets Current assets Cash and cash equivalents Accounts receivable Less Allowance for credit losses Accounts receivable, net Inventories Prepaid expenses and other Total current assets Property, plant and equipment Less Accumulated depreciation Property, plant and equipment, net Investments in unconsolidated businesses Wireless licenses Goodwill Other intangible assets, net Operating lease right-of-use assets Other assets Total assets Liabilities and Equity Current liabilities Debt maturing within one year Accounts payable and accrued liabilities Current operating lease liabilities Other current liabilities. Total current liabilities Long-term debt Employee benefit obligations Deferred income taxes Non-current operating lease liabilities Other liabilities Total long-term liabilities. (dollars in millions, except per share amounts) 2022 2021 $ $ 2,605 $ 25,332 826 24,506 2,388 8,358 37,857 307,689 200,255 107,434 1,071 149,796 28,671 11,461 26,130 17,260 379,680 $ 9,963 $ 23,977 4,134 12,097 50,171 140,676 12,974 43,441 21,558 18,397 237,046 2,921 24,742 896 23,846 3,055 6,906 36,728 289,897 190,201 99,696 1,061 147,619 28,603 11,677 27,883 13,329 366,596 7,443 24,833 3,859 11,025 47,160 143,425 15,410 40,685 23,203 13,513 236,236
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