Give Feedback: Ratio Analysis Presented below are summary financial data from the Smith 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 $25,000, Long-term debt $52,500, Shareholders' equity $79,500, Income statement Interest expense $6,400, Net income before taxes $37,800. Calculate the following ratios: a. Times-interest-earned ratio b. Quick ratio c. Current ratio a. Times-interest-earned ratio = Income before interest expense and income taxes/interest expense 37,800/6400=5.91 b. Quick Ratio = [Cash and cash equivalents + Short-term investments + Accounts Receivable]/Current liabilities [2200+16200+10000]/25000= 28400/25000 = 1.14 c. Current ratio = current assets/current liabilities 42000/25000=1.68