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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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