essCourse E Menu Ratio Analysis Presented below are summary financial data from

Question

essCourse E Menu Ratio Analysis Presented below are summary financial data from the jackson Co. annual report 1:02-Principles of ial Accounting (Spring 18) Chapter 1 Chapter 2 Amounts in mitions Balance Sheet Cash and Cash Equivalents $2,200 Marketable Securities Accounts Receivable (net) 10,000 Total Current Assets Total Assees 16,200 Chapter 3 Chapter 4 55,000 Chapter 5 Chapter 6 Chapter 7 Chapter 8 Chapter 9 Chapter 10 Chapter 11 Chapter 12 Current Liablities Long-Term Debe Shareholders Equity 0,000 47.500 9,500 Interest Expense Net Income Before Taxes .800 Calculate the following ratios Round to 2 decimal points a. Times-interest-earned ratio b. Quick ratio Chapter 13 5 8

Explanation / Answer

a) times interest earned ratio Earnings before interest and tax/interest expense (36,800+6400)/6400 6.75 b) Qucik ratio total current assets-inventory-prepaid expense/current liabilities 42000/30,000 1.4 c) Current ratio total current assets/current liabiltiies 42000/30000 1.4

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