Business, 14.12.2019 01:31, lisnel

Presented below are summary financial data from porter’s 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
b. quick ratio answer
c. current ratio

Answers: 2

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Presented below are summary financial data from porter’s annual report: amounts in millions balance...