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Molson Coors Brewing Company reported the following selected data at December 31, 2016 (in US$ millions): Total assets $29,341.5 Total liabilities 17,719.8 Interest expense 271.6
Molson Coors Brewing Company reported the following selected data at December 31, 2016 (in US$ millions):
Total assets | $29,341.5 | |
Total liabilities | 17,719.8 | |
Interest expense | 271.6 | |
Income tax expense | 1,050.7 | |
Profit | 1,975.9 |
Calculate the companys (a) debt to total assets and (b) interest coverage ratios. (Round debt to total assets to 1 decimal place, e.g. 52.7% and interest coverage to 2 decimal places, e.g. 52.75.)
(a) | Debt to total assets | enter Debt to total assets in percentages rounded to 1 decimal place % |
(b) | Interest coverage | enter Interest coverage in times rounded to 2 decimal places times |
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