Presented below are summary financial data from Porter's annual report: Amounts in millions Balance Sheet Cash and Cash Equivalents Marketable Securities Accounts Receivable (net) Total Current Assets Total Assets Current Liabilities Long-Term Debt- Shareholders' Equity Income Statement Interest Expense Net Income Before Taxes b. Quick ratio $1,850 19,100 9,367 39,088 123,078 38,450 7,279 68,278 Calculate the following ratios: (Round to 2 decimal points) a. Times-interest-earned ratio c. Current ratio 400 14,007
Presented below are summary financial data from Porter's annual report: Amounts in millions Balance Sheet Cash and Cash Equivalents Marketable Securities Accounts Receivable (net) Total Current Assets Total Assets Current Liabilities Long-Term Debt- Shareholders' Equity Income Statement Interest Expense Net Income Before Taxes b. Quick ratio $1,850 19,100 9,367 39,088 123,078 38,450 7,279 68,278 Calculate the following ratios: (Round to 2 decimal points) a. Times-interest-earned ratio c. Current ratio 400 14,007
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Ratio Analysis
Presented below are summary financial data from Porter's annual report:
Amounts in millions
Balance Sheet
Cash and Cash Equivalents
Marketable Securities
Accounts Receivable (net)
Total Current Assets
Total Assets
Current Liabilities
Long-Term Debt-
Shareholders' Equity
Income Statement
Interest Expense
Net Income Before Taxes
b. Quick ratio
$1,850
19,100
9,367
39,088
123,078
38,450
7,279
68,278
Calculate the following ratios:
(Round to 2 decimal points)
a. Times-interest-earned ratio
c. Current ratio
400
14,007
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