Suppose the 2025 adidas financial statements contain the following selected data (in millions). Current assets Total assets Current liabilities Total liabilities Cash $4,272 8,800 2,670 5,104 (a1) Compute the following values. 770 Interest expense Income taxes Net income (a) Working capital. (Enter answer in millions) (b) Current ratio. (Round to 2 decimal places, eg. 6.25:1) (c) Debt to assets ratio. (Round to O decimal places, eg. 62%) (d) Times interest earned. (Round to 2 decimal places, eg 6.25.) $ $170 110 230 millions 21 % times
Suppose the 2025 adidas financial statements contain the following selected data (in millions). Current assets Total assets Current liabilities Total liabilities Cash $4,272 8,800 2,670 5,104 (a1) Compute the following values. 770 Interest expense Income taxes Net income (a) Working capital. (Enter answer in millions) (b) Current ratio. (Round to 2 decimal places, eg. 6.25:1) (c) Debt to assets ratio. (Round to O decimal places, eg. 62%) (d) Times interest earned. (Round to 2 decimal places, eg 6.25.) $ $170 110 230 millions 21 % times
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Please avoid solutions image based thanks
![Suppose the 2025 adidas financial statements contain the following selected data (in millions).
Current assets
Total assets
Current liabilities
Total liabilities
Cash
$4,272
8,800
2,670
5,104
(a1) Compute the following values.
(c)
770
Interest expense
Income taxes
Net income
(a) Working capital. (Enter answer in millions)
(b)
Current ratio. (Round to 2 decimal places, eg. 6.25:1)
Debt to assets ratio. (Round to 0 decimal places, eg. 62%)
(d) Times interest earned. (Round to 2 decimal places, eg 6.25.)
$170
110
230
millions
1
%
times](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F402bf941-d3f7-4808-b2e4-e1665f3ab0a6%2F003bd4a5-2451-4acc-ba1c-fec1c183d232%2Fi2rnn2c_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Suppose the 2025 adidas financial statements contain the following selected data (in millions).
Current assets
Total assets
Current liabilities
Total liabilities
Cash
$4,272
8,800
2,670
5,104
(a1) Compute the following values.
(c)
770
Interest expense
Income taxes
Net income
(a) Working capital. (Enter answer in millions)
(b)
Current ratio. (Round to 2 decimal places, eg. 6.25:1)
Debt to assets ratio. (Round to 0 decimal places, eg. 62%)
(d) Times interest earned. (Round to 2 decimal places, eg 6.25.)
$170
110
230
millions
1
%
times
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 5 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![Horngren's Cost Accounting: A Managerial Emphasis…](https://www.bartleby.com/isbn_cover_images/9780134475585/9780134475585_smallCoverImage.gif)
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
![Intermediate Accounting](https://www.bartleby.com/isbn_cover_images/9781259722660/9781259722660_smallCoverImage.gif)
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
![Financial and Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781259726705/9781259726705_smallCoverImage.gif)
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education