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

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 50E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...

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