Question: Presented below are summary financial data from the Jackson Co. annual report: Amounts in millions Balance sheet Cash and cash equivalents $6,050 Marketable securities 42,075

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

Amounts in millions
Balance sheet
Cash and cash equivalents $6,050
Marketable securities 42,075
Accounts receivable (net) 27,500
Total current assets 115,500
Total assets 426,250
Current liabilities 70,000
Long-term debt 118,750
Shareholders equity 198,750
Income Statement
Interest expense 8,800
Net income before taxes 92,000

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

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

How do I calculate the times-interest-earned ratio, the quick ratio, and the current ratio?

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