Suppose the 2017 adidas financial statements contain the following selected data (in millions). $4,340 Interest expense $170 Current assets Total assets Current liabilities Total liabilities 8,630 Income taxes 120 2,730 Net income 270 4,854 Cash 790 Compute the following values. (a) Working capital. 1,610 millions (b) Current ratio. (Round to 2 decimal places, e.g. 6.25:1.) 1.59 :1 (c) Debt to assets ratio. (Round to 0 decimal places, e.g. 62%.) 56 % |(d) Times interest earned. (Round to 2 decimal places, e.g. 6.25.) times

Suppose the 2017 adidas financial statements contain the following selected data (in millions). $4,340 Interest expense $170 Current assets Total assets Current liabilities Total liabilities 8,630 Income taxes 120 2,730 Net income 270 4,854 Cash 790 Compute the following values. (a) Working capital. 1,610 millions (b) Current ratio. (Round to 2 decimal places, e.g. 6.25:1.) 1.59 :1 (c) Debt to assets ratio. (Round to 0 decimal places, e.g. 62%.) 56 % |(d) Times interest earned. (Round to 2 decimal places, e.g. 6.25.) times

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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