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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 $2,200 Marketable
Ratio Analysis Presented below are summary financial data from the Jackson Co. annual report: Amounts in millions Balance Sheet Cash and Cash Equivalents $2,200 Marketable Securities 16,200 Accounts Receivable (net) 10,000 Total Current Assets 42,000 Total Assets 155,000 Current Liabilities 30,000 Long-Term Debt 47,500 Shareholders' Equity 79,500 Income Statement Interest Expense 6,400 Net Income Before Taxes 36,800 Calculate the following ratios: (Round to 2 decimal points) a. Times-interest-earned ratio b. Quick ratio c. Current ratio
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