Suppose the 2014 adidas financial statements contain the following selected data (in millions). Current assets $4,485 Interest

Question:

Suppose the 2014 adidas financial statements contain the following selected data (in millions).

Current assets $4,485 Interest expense $169 Total assets 8,875 Income taxes 113 Current liabilities 2,836 Net income 245 Total liabilities 5,099 Cash 775 Compute the following values and provide a brief interpretation of each.

(a) Working capital.

(c) Debt to assets ratio.

(b) Current ratio.

(d) Times interest earned.

AppendixLO2

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: