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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 15,300 Accounts receivable (net) 10,000 Total current assets 42,000 Total assets 155,000 Current liabilities 28,000 Long-term debt 47,500 Shareholders' equity 79,500 Income Statement Interest expense 3,200 Net income before taxes 36,800 Calculate the following ratios: (round to two decimal places) a. Times-interest-earned ratio b. Quick ratio C. Current ratio Check
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