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   27,128 Accounts receivable (net)   14,051 Total current assets   58,632 Total assets   184,617 Current liabilities   66,017 Long-term debt   12,738 Shareholders’ equity   119,487 Income Statement     Interest expense   539 Net income before taxes   24,512 Calculate the following ratios: (round to two decimal places) a. Times-interest-earned ratio   b. Quick ratio   c. Current ratio

Managerial Accounting: The Cornerstone of Business Decision-Making
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Chapter15: Financial Statement Analysis
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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   $2,712
Marketable securities   27,128
Accounts receivable (net)   14,051
Total current assets   58,632
Total assets   184,617
Current liabilities   66,017
Long-term debt   12,738
Shareholders’ equity   119,487
Income Statement    
Interest expense   539
Net income before taxes   24,512

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

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