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Brief Exercise 15-09 Suppose the 2020 adidas financial statements contain the following selected data (in millions). Current assets $5,700 Cash $900 Total assets 10,100 Interest
Brief Exercise 15-09 Suppose the 2020 adidas financial statements contain the following selected data (in millions). Current assets $5,700 Cash $900 Total assets 10,100 Interest expense 290 Current liabilities 4,100 Income taxes 240 Total liabilities 6,300 Net income 370 Compute the following values.
(a) Debt to assets ratio. (Round to 0 decimal places, e.g. 62%.) _____ %
(b) Times interest earned. (Round to 2 decimal places, e.g. 6.25.) ____ times
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