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

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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
$4,272
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
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
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