Answer Happy

Compute and Interpret Liquidity, Solvency and Coverage
Ratios
Balance sheets and income statements for Lockheed Martin
Corporation follow. Refer to these financial statements to answer
the requirements.
(a) Compute Lockheed Martin's current ratio and quick ratio for
2012 and 2011. (Round your answers to two decimal places.)
2012 current ratio = Answer
2011 current ratio = Answer

2012 quick ratio = Answer
2011 quick ratio = Answer

(b) Compute total liabilities-to-equity ratios and total
debt-to-equity ratios for 2012 and 2011. (Round your answers to two
decimal places.)
2012 total liabilities-to-stockholders' equity = Answer
2011 total liabilities-to-stockholders' equity = Answer

2012 total debt-to-equity = Answer
2011 total debt-to-equity = Answer


(c) Compute times interest earned ratio, cash from operations to
total debt ratio, and free operating cash flow to total debt
ratios. (Round your answers to two decimal places.)
2012 times interest earned = Answer
2011 times interest earned = Answer

2012 cash from operations to total debt = Answer
2011 cash from operations to total debt = Answer

2012 free operating cash flow to total debt = Answer
2011 free operating cash flow to total debt = Answer