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Current Attempt in Progress Suppose McDonald's 2022 financial statements contain the following selected data (in millions). Current assets $3,416.3 Interest expense $473.2 Total assets
Current Attempt in Progress Suppose McDonald's 2022 financial statements contain the following selected data (in millions). Current assets $3,416.3 Interest expense $473.2 Total assets 30,224.9 Income taxes 1,936.0 Current liabilities 2,988.7 Net income 4,551.0 Total liabilities 16,191.0 Provide a brief interpretation for each of the following. 1. Working capital. $427.6 millions 2. Current ratio. 1.14 :1 3. Debt to assets ratio. 54 % A 4. Times interest earned. 14.71 times
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Comparative international accounting
Authors: Christopher nobes, Robert parker
9th Edition
273703579, 978-0273703570
