Ratio Analysis

Presented below are summary financial data from Pompeo$$s annual report:

Amounts in millions

Balance sheet

Cash and cash equivalents $$5,424$

Marketable securities $54,255$

Accounts receivable $($net$)28,101$

Total current assets $117,264$

Total assets $369,234$

Current liabilities $103,741$

Long$-$term debt $20,017$

Shareholders$$ equity $187,765$

Income Statement

Interest expense $1,077$

Net income before taxes $38,519$

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

a$.$ Times$-$interest$-$earned ratio Answer

b$.$ Quick ratio