Not surprisingly, Newell Rubbermaid, Inc. is the marketer of the well known Rubbermaid plastic containers, but it also markets many other consumer brands, including Sharpie, Calphalon, Parker and Waterman writing instruments, and Lenox hand and power tools. The following data were taken from the company's 2010 annual report. Dollar amounts are in millions.
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Required:
a. Compute Rubbermaid's current ratios for 2010 and 2009.
b. Compute Rubbermaid's debt to assets ratios for 2010 and 2009.
c. Based on the ratios computed in Requirements a and b, did Rubbermaid's liquidity get better or worse from 2009 to 2010?
d. Based on the ratios computed in Requirements a and b, did Rubbermaid's solvency get better or worse from 2009 to 2010?