Question: Ratio Analysis Presented below are summary financial data from Porter s annual report: Amounts in millionsBalance SheetCash and Cash Equivalents$ 1 , 8 5 0

Ratio Analysis
Presented below are summary financial data from Porters annual report:
Amounts in millionsBalance SheetCash and Cash Equivalents$1,850Marketable Securities19,100Accounts Receivable (net)9,367Total Current Assets39,088Total Assets123,078Current Liabilities38,450Long-Term Debt7,279Shareholders Equity68,278Income StatementInterest Expense400Net Income Before Taxes14,007
Calculate the following ratios:
(Round to 2 decimal points)
a. Times-interest-earned ratioAnswer 1
b. Quick ratioAnswer 2
c. Current ratioAnswer 3

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