Ratio Analysis Presented below are summary financial data from the Smith Co. annual report: Amounts...
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Ratio Analysis Presented below are summary financial data from the Smith Co. annual report: Amounts in millions Balance Sheet Cash and Cash Equivalents $2,200 Marketable Securities 16,200 Accounts Receivable (net) 10,000 Total Current Assets 42,000 Total Assets 155,000 Current Liabilities 25,000 Long-Term Debt 52,500 Shareholders Equity 79,500 Income Statement Interest Expense 6,400 Net Income Before Taxes 37,800 Calculate the following ratios: (Round to 2 decimal points) a. Times-interest-earned ratio Answer 0 b. Quick ratio Answer 0 c. Current ratio Answer 0
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