Question: Ratio Analysis Presented below are summary financial data from Pompeo's annual report: Amounts in millions Balance Sheet Cash and Cash Equivalents $2,712 Marketable Securities 29,919
Ratio Analysis Presented below are summary financial data from Pompeo's annual report:
| Amounts in millions | |
|---|---|
| Balance Sheet | |
| Cash and Cash Equivalents | $2,712 |
| Marketable Securities | 29,919 |
| Accounts Receivable (net) | 14,051 |
| Total Current Assets | 58,632 |
| Total Assets | 184,617 |
| Current Liabilities | 55,586 |
| Long-Term Debt | 10,919 |
| Shareholders' Equity | 102,417 |
| Income Statement | |
| Interest Expense | 739 |
| Net Income Before Taxes | 21,011 |
Calculate the following ratios: (Round to 2 decimal points)
| a. Times-interest-earned ratio | Answer |
| b. Quick ratio | Answer |
| c. Current ratio | Answer |
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
