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Concord's financial statements contain the following selected data (in millions). Current assets $3,800 Total assets 29,500 Current liabilities 5,800 Total liabilities 17,800 Interest expense $580
Concord's financial statements contain the following selected data (in millions).
Current assets | $3,800 | ||
Total assets | 29,500 | ||
Current liabilities | 5,800 | ||
Total liabilities | 17,800 | ||
Interest expense | $580 | ||
Income taxes | 1,200 | ||
Net Income | 2,800 |
(a)
Compute the following values. (Enter amounts in millions, e.g. 525.2 million. Round current ratio and times interest earned to 2 decimal places, e.g. 6.25: 1 or 2.66 and debt to assets ratio to 0 decimal places, e.g. 25%. If the answer is negative enter with either a - sign e.g. -525.5 or in parenthesis e.g. (525.5).)
(1) | Working capital | $enter working capital in millions of dollars | millions | ||
(2) | Current ratio | enter current ratio rounded to 2 decimal places | :1 | ||
(3) | Debt to assets ratio | enter debt to assets ratio in percentages rounded to 0 decimal places | % | ||
(4) | Times interest earned | enter times interest earned rounded to 2 decimal places | times |
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