Ratio Analysis}

Intel Corporation provided the following information on its statement of financial position and statement of cash flows:

\section*{Required:}
1. Calculate the following:

(a) current ratio,

(b) quick ratio,

(c) cash ratio, and

(d) operating cash flow ratio. (Note: Round answers to two decimal places.)
2. CONCEPTUAL CONNECTION Interpret these results.
3. CONCEPTUAL CONNECTION Assume that Intel, as a requirement of one of its loans, must maintain a current ratio of at least 2.3. Given Intel's large amount of cash, how could it accomplish this on December 31 (be specific as to dollar amounts)?
Exercise

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Current liabilities Cash and equivalents Marketable securities Receivables $8,514,000,000 6.598,000,000 3,404.000.000 2.709.000.000 Inventories Other current assets Cash flows from operating activities $ 4,314,000,000 2,146,000,000 10,620,000,000