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At December 31, 2010, Kraft Foods Inc. reported no short-term investments but did report the following amounts (in millions) in its financial statements: 2010 2009
At December 31, 2010, Kraft Foods Inc. reported no short-term investments but did report the following amounts (in millions) in its financial statements: |
2010 | 2009 | |||||||
Cash and Cash Equivalents | $ | 2,321 | $ | 1,941 | ||||
Accounts Receivable, Net | 6,379 | 5,037 | ||||||
Total Current Liabilities | 13,360 | 9,891 | ||||||
Interest Expense | 1,944 | 1,157 | ||||||
Income Tax Expense | 1,067 | 1,056 | ||||||
Net Income | 2,594 | 2,941 | ||||||
Required: | ||
1. | Compute the quick ratio and times interest earned ratio for 2010 and 2009. (Round your answers to 2 decimal places.) quick ratio for 09 and 10? times interest erned ration for 09 and 10? |
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