Ratio Analysis

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

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

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

b$.$ Quick ratio

c$.$ Current ratioPresented below are summary financial data from the Jackson Co$.$ annual report:

Amounts in millions Balance sheet Cash and cash equivalents $$5,500$ Marketable securities $38,250$ Accounts receivable $($net$)25,000$ Total current assets $105,000$ Total assets $387,500$ Current liabilities $56,000$ Long$-$term debt $95,000$ Shareholders$$ equity $159,000$ Income Statement Interest expense $8,000$ Net income before taxes $73,600$

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

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