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
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
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 50E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...
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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 | |
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. |
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