Amounts in millions Balance Sheet Cash and Cash Equivalents $1,850 Marketable Securities 19,100 Accounts Receivable (net) 9,367 Total Current Assets 39,088 Total Assets 123,078 Current Liabilities 38,450 Long-Term Debt 7,279 Shareholders’ Equity 68,278 Income Statement Interest Expense 400 Net Income Before Taxes 14,007 Calculate the following ratios: (Round to 2 decimal points) a. Times-interest-earned ratio Answer b. Quick ratio Answer c. Current ratio Answer
Amounts in millions Balance Sheet Cash and Cash Equivalents $1,850 Marketable Securities 19,100 Accounts Receivable (net) 9,367 Total Current Assets 39,088 Total Assets 123,078 Current Liabilities 38,450 Long-Term Debt 7,279 Shareholders’ Equity 68,278 Income Statement Interest Expense 400 Net Income Before Taxes 14,007 Calculate the following ratios: (Round to 2 decimal points) a. Times-interest-earned ratio Answer b. Quick ratio Answer c. Current ratio Answer
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter13: Financial Statement Analysis
Section: Chapter Questions
Problem 13.8E
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Question
Ratio Analysis
Presented below are summary financial data from Porter’s annual report:
| Amounts in millions | |
|---|---|
| Balance Sheet | |
| Cash and Cash Equivalents | $1,850 |
| Marketable Securities | 19,100 |
| 9,367 | |
| Total Current Assets | 39,088 |
| Total Assets | 123,078 |
| Current Liabilities | 38,450 |
| Long-Term Debt | 7,279 |
| Shareholders’ Equity | 68,278 |
| Income Statement | |
| Interest Expense | 400 |
| Net Income Before Taxes | 14,007 |
Calculate the following ratios:
(Round to 2 decimal points)
| a. Times-interest-earned ratio | Answer |
| b. Quick ratio | Answer |
| c. |
Answer |
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