Question - Compute and Interpret Liquidity and Solvency Ratios
Selected balance sheet and income statement information from Comcast Corporation for 2015 and 2014 follows ($ millions).
Total Current Assets Total Current Liabilities Income Before Interest and Taxes Interest Expense Total Liabilities *Stockholders' Equity
2015 $12,303 $18,178 $15,673 $2,702 $112,596 $53,978
2014 13,531 17,410 15,001 2,617 106,118 53,068
*Includes redeemable noncontrolling interests
a. Compute the current ratio for each year.
b. Compute times interest earned and the liabilities-to-equity ratio for each year.