Presented below are summary financial data from the Coca-Cola Enterprises, Inc., annual re
Presented below are summary financial data from the Coca-Cola Enterprises, Inc., annual report. Using the ratio definitions from Exhibit 4.6, calculate the following liquidity and solvency ratios for Year 1 and Year 2.
(amounts in millions) |
Year 1 |
Year 2 |
Balance sheet |
|
|
Cash and cash equivalents |
$155 |
$107 |
Marketable securities |
0 |
0 |
Accounts receivable (net) |
1,884 |
1,802 |
Total current assets |
3,371 |
3,395 |
Total assets |
26,461 |
25,357 |
Current liabilities |
3,451 |
3,846 |
Current portion of long-term debt |
607 |
944 |
Long-term debt |
10,523 |
9,165 |
ShareholdersAc€?c equity |
5,378 |
5,643 |
Income statement |
|
|
Interest expense |
$619 |
$633 |
Net income before taxes |
818 |
790 |
Abhinav
02-Dec-2019