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Current assets Total assets Current liabilities Total liabilities Cash $4,272 Interest expense 8,800 Income taxes 2,670 5,104 770 Net income (a1) Compute the following values. (a) Working capital. (Enter answer in millions.) $170 110 230 (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%.) millions :1

Current assets Total assets Current liabilities Total liabilities Cash $4,272 Interest expense 8,800 Income taxes 2,670 5,104 770 Net income (a1) Compute the following values. (a) Working capital. (Enter answer in millions.) $170 110 230 (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%.) millions :1

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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Suppose the 2025 adidas ancial Statements contain the following selected Gald (1) Current assets Total assets Current liabilities Total liabilities Cash $4,272 8,800 2,670 5,104 770 Interest expense Income taxes Net income (a1) Compute the following values. (a) Working capital. (Enter answer in millions.) $170 110 230 (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, eg. 6.25.) millions :1 % times
Transcribed Image Text:Suppose the 2025 adidas ancial Statements contain the following selected Gald (1) Current assets Total assets Current liabilities Total liabilities Cash $4,272 8,800 2,670 5,104 770 Interest expense Income taxes Net income (a1) Compute the following values. (a) Working capital. (Enter answer in millions.) $170 110 230 (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, eg. 6.25.) millions :1 % times
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