Suppose McDonald's 2022 financial statements contain the following selected data (in millions). Current assets $3,356.0 Interest...
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Suppose McDonald's 2022 financial statements contain the following selected data (in millions). Current assets $3,356.0 Interest expense $461.0 Total assets 30.164.0 Income taxes 1,924.0 Current liabilities 2,933.0 Net income 4,539.0 Total liabilities 16,131.0 (a1) Compute the following values. a. Working capital. (Round to 1 decimal place, e.g. 5,275.5) millions 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, e.g. 6.25.) times Suppose McDonald's 2022 financial statements contain the following selected data (in millions). Current assets $3,356.0 Interest expense $461.0 Total assets 30.164.0 Income taxes 1,924.0 Current liabilities 2,933.0 Net income 4,539.0 Total liabilities 16,131.0 (a1) Compute the following values. a. Working capital. (Round to 1 decimal place, e.g. 5,275.5) millions 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, e.g. 6.25.) times
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Related Book For
Fundamentals of Financial Management
ISBN: 978-0324597707
12th edition
Authors: Eugene F. Brigham, Joel F. Houston
Posted Date:
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