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Presented below are summary financial data from the Jackson Co. annual report: Amounts in millions Balance sheet Cash and cash equivalents $5,500 Markotable securition 29 250

Presented below are summary financial data from the Jackson Co. annual report: Amounts in millions Balance sheet Cash and cash equivalents $5,500 Markotable securition 29 250

FINANCIAL ACCOUNTING
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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Ratio Analysis Presented below are summary financial data from the Jackson Co. annual report: Amounts in millions Balance sheet Cash and cash equivalents $5,500 Marketable securities 38,250 Accounts receivable (net) 25,000 Total current assets 105,000 Total assets 387,500 Current liabilities 56,000 Long-term debt 95,000 Shareholders' equity 159,000 Income Statement Interest expense 8,000 73,600 Net income before taxes Calculate the following ratios: (round to two decimal places) a. Times-interest-earned ratio b. Quick ratio c. Current ratio
Transcribed Image Text:Ratio Analysis Presented below are summary financial data from the Jackson Co. annual report: Amounts in millions Balance sheet Cash and cash equivalents $5,500 Marketable securities 38,250 Accounts receivable (net) 25,000 Total current assets 105,000 Total assets 387,500 Current liabilities 56,000 Long-term debt 95,000 Shareholders' equity 159,000 Income Statement Interest expense 8,000 73,600 Net income before taxes Calculate the following ratios: (round to two decimal places) a. Times-interest-earned ratio b. Quick ratio c. Current ratio
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