Suppose the 2014 adidas financial statements contain the following selected data (in millions). Current assets $4,485 Interest
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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
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Related Book For
Accounting Tools For Business Decision Making
ISBN: 9781118771112
5th Edition
Authors: Kimmel, Wetlands, Kieso
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