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E10-16 Suppose McDonald's 2017 financial statements contain the following selected data (in millions). Current assets3,416.3 Total assets Current liabilities 2,988.7 Total liabilities Interest expense Income

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E10-16 Suppose McDonald's 2017 financial statements contain the following selected data (in millions). Current assets3,416.3 Total assets Current liabilities 2,988.7 Total liabilities Interest expense Income taxes 473.2 1,936.0 4,551.0 30,224.9 Net income 16,191.0 Instructions (a) Compute the following values and provide a brief interpretation of each. (1) Working capital. (2) Current ratio. (3) Debt to assets ratio. (4) Times interest earned. es to McDonald's financial statements show that subsequent to 2017 mpany will have future minimum lease payments under operating leases of n. If these assets had been purchased with debt, assets and liabilities (b) Suppose the not $10,717.5 millio would rise adjusting for this. Discuss your result. apg risimately s80compute the debt to assets ratio after

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