The Cola Company reported the following comparative in
Question and Solution
The Cola Company reported the following comparative information at December 31, 2017, and December 31, 2016 (amounts i
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The Cola Company reported the following comparative information at December 31, 2017, and December 31, 2016 (amounts in millions and adapted): Requirements 1. Calculate the following ratios for 2017 and 2016: a. Current ratio b. Debt ratio 2. At the end of 2017, The Cola Company issued $1,590 million of long-term debt that was used to retire short-term debt. What would the current ratio and debt ratio have been if this transaction had not been made? 3. The Cola Company reports that its lease payments under operating leases will total $965 million in the future and $205 million will occur in the next year (2018). What would the current ratio and debt ratio have been if these leases had been capitalized?
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