IT Question 7 of 15 Vic Policies Current Attempt in Progress Michelle Strand's regular hourly wage rate is $34, and she receives an hourly rate of $51 for work in excess of 40 hours. During a January pay period. Michelle works 45 hours. Michelle's federal income tax withholding is $89, and she has no voluntary deductions Assume that the FICA tax rate is 7.65% Prepare the employer's journal entry to record payroll taxes for the period. Ignore unemployment taxes. (Round answers to 2 decimal plocesas. 15.15. Credit account titles are automatically indented when amount is entered. Do not indent manually) Credit Debit Date Account Titles and Explanation Jan. 15 e Textbook and Media List of Accounts Attempts: unlimited Submit Answer Soforte Question 8 of 15 View Policies Current Attempt in Progress Suppose the 2022 adidas financial statements contain the following selected data in millions Interest expense Income taxes Net Income $150 100 240 Current assets Total assets Current liabilities Total liabilities Cash $4,560 8,660 2.890 4,884 790 millions $ 1 (21) Compute the following values. % (a) Working capital times (b) Current ratio. (Round to 2 decimal places es. 6.25:13 Id Debt to assets ratio. (Round to decimal places, es 62%) (d) Times interest earned. (Round to 2 decimal places, eg. 6.25.) Submit Answer Attempts unlimited e Textbook and Media Save for later