Presented below are summary financial data from Porters annual report: Amounts in...

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Accounting

Presented below are summary financial data from Porters annual report:
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 1
b. Quick ratio Answer 2
c. Current ratio Answer 3

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