Suppose McDonald's 2022 financial statements contain the following selected data (in millions). Current assets $3,385.0 Interest expense Total assets $466.0 29,035.0 Income taxes Current liabilities 1,883.0 2,940.0 Net income 4,459.0 Total liabilities 15,533.7 (a1) Compute the following values. 24 445 millions 1. Working capital. (Enter answer in millions to 1 decimal places, e.g. 126.2.) 1.15 :1 2. Current ratio. (Round to 2 decimal places, e.g. 6.25:1.) 0.53 3. Debt to assets ratio. (Round to O decimal places, e.g. 62%.) times 4. Times interest earned. (Round to 2 decimal places, e.g. 6.25.)
Suppose McDonald's 2022 financial statements contain the following selected data (in millions). Current assets $3,385.0 Interest expense Total assets $466.0 29,035.0 Income taxes Current liabilities 1,883.0 2,940.0 Net income 4,459.0 Total liabilities 15,533.7 (a1) Compute the following values. 24 445 millions 1. Working capital. (Enter answer in millions to 1 decimal places, e.g. 126.2.) 1.15 :1 2. Current ratio. (Round to 2 decimal places, e.g. 6.25:1.) 0.53 3. Debt to assets ratio. (Round to O decimal places, e.g. 62%.) times 4. Times interest earned. (Round to 2 decimal places, e.g. 6.25.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Suppose McDonald's 2022 financial statements contain the following selected data (in millions).
-15
Current assets
$3,385.0
Interest expense
Total assets
$466.0
29,035.0
Income taxes
1,883.0
Current liabilities
2,940.0
Net income
4,459.0
Total liabilities
15,533.7
(a1) Compute the following values.
24
445
millions
1.
Working capital. (Enter answer in millions to 1 decimal places, e.g. 126.2.)
1.15
:1
2.
Current ratio. (Round to 2 decimal places, e.g. 6.25:1.)
0.53
3.
Debt to assets ratio. (Round to 0 decimal places, e.g. 62%.)
times
4.
Times interest earned. (Round to 2 decimal places, e.g. 6.25.)
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