Presented below are summary financial data from the Smith Co. annual report:

Calculate the following ratios:

a. Times-interest-earned ratio

b. Quick ratio

c. Current ratio

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Balance sheet Cash and cash equivalents Marketable securities. Accounts receivable (net). Total current assets Total assets Current liabilities... Long-term debt... Shareholders' equity. Income Statement Amounts in millions $ 2,200 16,200 10,000 42,000 155,000 25,000 52,500 79,500 6,400 Interest expense.... Net income before taxes......... 37,800