Question: Presented below are summary financial data from the Jackson Co . annual report: Amounts in millions Balance sheet Cash and cash equivalents $ 3 ,

Presented below are summary financial data from the Jackson Co. annual report:
Amounts in millions
Balance sheet
Cash and cash equivalents $3,300
Marketable securities 22,950
Accounts receivable (net)15,000
Total current assets 63,000
Total assets 232,500
Current liabilities 49,000
Long-term debt 83,125
Shareholders equity 139,125
Income Statement
Interest expense 4,800
Net income before taxes 64,400
Calculate the following ratios: (round to two decimal places)
a. Times-interest-earned ratio Answer
b. Quick ratio Answer
c. Current ratio

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