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Analysis and Interpretation of Liquidity and Solvency Balance sheets and income statements for Costco Wholesale Corporation fCostco Wholesale Corporation Consolidated Balance Sheets ($ millions, except par value and share data) September 2, 2018 Sept19,681 18,161 869 860 $40,830 $36,347 $9,608 2,703 961 Net property and equipment Other assets Total assets Current liabiliti(a) Compute Costcos current ratio and quick ratio for 2018 and 2017. (Round answers two decimal places.) 2018 current ratio

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Equation Answer
2018 - Current ratio Current Asset / Current Liability       1.02
2017 - Current Ratio       0.99
2018 - Quick Ratio (Cash+investment+ recievable) / Current Liability       0.45
2017 - Quick Ratio       0.41
2018 - Times of Interest Earned EBIT / Interest Expense     28.18
2017 - Times of Interest Earned     30.68
2018 - Liability to Equity Liability / equity       2.17
2017 - Liability to Equity'       2.34
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