Question: 12 Ratio Analysis Presented below are summary financial data from Pompeos annual report: Amounts in millions Balance sheet Cash and cash equivalents $4,972 Marketable securities

12

Ratio Analysis

Presented below are summary financial data from Pompeos annual report:

Amounts in millions
Balance sheet
Cash and cash equivalents $4,972
Marketable securities 49,734
Accounts receivable (net) 25,759
Total current assets 107,492
Total assets 338,465
Current liabilities 94,310
Long-term debt 18,198
Shareholders equity 170,695
Income Statement
Interest expense 987
Net income before taxes 35,018

Calculate the following ratios: (round to two decimal places)

a. Times-interest-earned ratio
b. Quick ratio
c. Current ratio

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