Selected balance sheet and income statement information for two manufacturing companies: Calico, Inc. and Packard...
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Selected balance sheet and income statement information for two manufacturing companies: Calico, Inc. and Packard Corporation follows Packaro (in $millions) $13,279 Calicolin $ millions) Cash Marketable securities Accounts receivable All other current assets Total current liabilities Total liabilities Total equity Pre-tax income Interest expense $ 930 190 1,730 2,153 2,432 4,796 4,020 640 35 19,212 19,993 43,003 74,282 40,517 9,415 597 a. Calculate the current ratio and quick ratio for both companies. b. Which company is more liquid? c. Calculate the times-interest-earned ratio and debt-to-equity ratio for both companies. d. Which company is more solvent
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