Below are annual reports of CBT Company and Mocha Company: *amounts are in milli

Question

Below are annual reports of CBT Company and Mocha Company: *amounts are in millions CBT Mocha Sales $26,510 $34,512 Gross profit 6,610 8,887 Net income 565 1,271 Current assets 11,712 28,447 Beginning total assets 17,102 33,130 Ending total assets 22,088 36,167 Current liabilities 7,966 14,950 Total liabilities 16,136 31,222 Average common shares outstanding 125 240 Preferred stock dividends paid -0- -0- For each company, compute the following ratios: -Current ratio -Debt to total assets ratio -Earnings per share -Based on your calculations, discuss the relative liquidity, solvency, and profitability of the two companies.

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