Suppose the 2022 adidas financial statements contain the following selected data (in millions). Compute the following values
Question:
Suppose the 2022 adidas financial statements contain the following selected data (in millions).
Compute the following values and provide a brief interpretation of each.
a. Debt to assets ratio.
b. Times interest earned.
Transcribed Image Text:
Current assets Total assets Current liabilities Total liabilities $4,485 8,875 2,836 5,099 Cash Interest expense Income taxes Net income $775 169 113 245
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Working capital Current assets Current Liabilities 4485 2...View the full answer
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Marvine mabiya
i am a graduate of kirinyaga university degree of statistics
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Related Book For
Accounting Principles
ISBN: 9781119707110
14th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell
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