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).

Current assets Total assets Current liabilities Total liabilities Interest expense Income taxes Net income $4,485 8,875

Compute the following values and provide a brief interpretation of each.

a. Working capital.

b. Current ratio.

c. Debt to assets ratio.

d. Times interest earned.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...

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