Suppose the 2025 adidas financial statements contain the following selected data (in millions). Current assets $4,582 Total assets 8,900 Current liabilities 2,900 Total liabilities 5,162 Cash 750 (a1) Compute the following values. Interest expense Income taxes Net income (a) Working capital. (Enter answer in millions.) $150 100 275 (b) Current ratio. (Round to 2 decimal places, e.g. 6.25:1.) (c) Debt to assets ratio. (Round to O decimal places, e.g. 62%.) (d) Times interest earned. (Round to 2 decimal places, e.g. 6.25.) LA millions :1 % times

Suppose the 2025 adidas financial statements contain the following selected data (in millions). Current assets $4,582 Total assets 8,900 Current liabilities 2,900 Total liabilities 5,162 Cash 750 (a1) Compute the following values. Interest expense Income taxes Net income (a) Working capital. (Enter answer in millions.) $150 100 275 (b) Current ratio. (Round to 2 decimal places, e.g. 6.25:1.) (c) Debt to assets ratio. (Round to O decimal places, e.g. 62%.) (d) Times interest earned. (Round to 2 decimal places, e.g. 6.25.) LA millions :1 % 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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