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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 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

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