Presented below are summary financial data from the Blue Devil Corp.’s annual report: Balance Sheet Cash$2,200Marketable Securities16,200Accounts Receivable10,000Total Current Assets42,000Total Assets155,000Current Liabilities25,000Long-term Debt52,500Shareholders’ Equity79,500Income Statement Interest Expense6,400Net Income Before Taxes37,800 Calculate the Times-interest-earned ratio, Current ratio, and Quick ratio (Round to 2 decimal points).

Name: Presented below are summary financial data from the Blue Devil Corp.’s
Uploaded: 2022-11-18T00:26:54.000Z
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Description: Presented below are summary financial data from the Blue Devil Corp.’s annual report: Balance Sheet Cash$2,200Marketable Securities16,200Accounts Receivable10,000Total Current Assets42,000Total Assets155,000Current Liabilities25,000Long-term Debt52,

Answered: Image /qna-images/answer/032cc8f3-4cc0-491e-8f35-bb7187facfea.jpg

Answered: Balance Sheet Cash $2,200…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Presented below are summary financial data from the Blue Devil Corp.’s annual report:

Balance Sheet
Cash	$2,200
Marketable Securities	16,200
Accounts Receivable	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 Times-interest-earned ratio, Current ratio, and Quick ratio (Round to 2 decimal points).

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