FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Ratio Analysis Presented below are summary financial data from Pompeo's annual report: Amounts in millions Balance sheet Cash and cash equivalents $4,520 Marketable securities 45,213 Accounts receivable (net) 23,418 Total current assets 97,720 Total assetsS 307,695 Current liabilities 75,448 Long-term debt 14,558 Shareholders' equity 136,556 Income Statement Interest expense 898 Net income before taxes 28,014 Calculate the following ratios: (round to two decimal places) a. Times-interest-earned ratio b. Quick ratio C. Current ratio
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Transcribed Image Text:Ratio Analysis Presented below are summary financial data from Pompeo's annual report: Amounts in millions Balance sheet Cash and cash equivalents $4,520 Marketable securities 45,213 Accounts receivable (net) 23,418 Total current assets 97,720 Total assetsS 307,695 Current liabilities 75,448 Long-term debt 14,558 Shareholders' equity 136,556 Income Statement Interest expense 898 Net income before taxes 28,014 Calculate the following ratios: (round to two decimal places) a. Times-interest-earned ratio b. Quick ratio C. Current ratio
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