Suppose McDonald's 2025 financial statements contain the following selected data (in millions).Current assets$3,461.5Interest expense$480.0Total assets30,250.0Income taxes1,942.0Current liabilities3,010.0Net income4,538.0Total liabilities16,637.5(a1)Compute the following values.a.Working capital. (Round to 1 decimal place in millions, e.g. 5,275.5.) $451.5millionsb.Current ratio. (Round to 2 decimal places, e.g. 6.25:1.)1.15:1C.Debt to assets ratio. (Round to O decimal places, e.g. 62%.)55%d.Times interest earned. (Round to 2 decimal places, e.g. 6.25.)14.50times

a. Working Capital:Working Capital = Current Assets - Current Liabilities= $3,461.5 million -…

Answered: Suppose McDonald's 2025 financial…

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter24: Analysis Of Financial Statements

Section: Chapter Questions

Problem 1SEB

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Suppose McDonald's 2022 financial statements contain the following selected data (in millions). Current assets Total assets Current liabilities Total liabilities (a1) a. b. Compute the following values. C. $3,416.0 Interest expense 30,224.0 d. 2,988.0 16,191.0 Income taxes Net income $473.0 1,936.0 4,551.0 Current ratio. (Round to 2 decimal places, e.g. 6.25:1.) Working capital. (Round to 1 decimal place, e.g. 5,275.5) Debt to assets ratio. (Round to 0 decimal places, e.g. 62%.) Times interest earned. (Round to 2 decimal places, e.g. 6.25.) millions :1 % times
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Suppose the 2025 adidas financial statements contain the following selected data (in millions). Current assets Total assets Current liabilities Total liabilities Cash $4,582 8,900 2,900 5,162 (c) 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.) 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.) $ ta millions :1 % times
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