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Ratio Analysis Presented below are summary financial data from the Jackson Co. annual report: Amounts in millions Balance Sheet Cash and Cash Equivalents $3,300 Marketable
Ratio Analysis Presented below are summary financial data from the Jackson Co. annual report: Amounts in millions Balance Sheet Cash and Cash Equivalents $3,300 Marketable Securities 22,950 Accounts Receivable (net) 15,000 Total Current Assets 63,000 Total Assets 232,500 Current Liabilities 40,000 Long-Term Debt 71,250 Shareholders' Equity 119,250 Income Statement Interest Expense 4,900 Net Income Before Taxes 55,200 Calculate the following ratios: (Round to 2 decimal points) a. Times-interest-earned ratio b. Quick ratio c. Current ratio
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