Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

need help with the (c) Debt to assets ratio(Round to 0 decimal places, e.g. 62%.) Suppose the 2014adidasfinancial statements contain the following selected data (in

need help with the

(c)

Debt to assets ratio(Round to 0 decimal places, e.g. 62%.)

Suppose the 2014adidasfinancial statements contain the following selected data (in millions).

Current assets $4,670 Interest expense $161
Total assets 8,748 Income taxes 102
Current liabilities 3,082 Net income 235
Total liabilities 4,874
Cash 787

Compute the following values.

(a) Working capital $
(b) Current ratio(Round to 2 decimal places, e.g. 6.25:1.) :1
(c) Debt to assets ratio(Round to 0 decimal places, e.g. 62%.) %
(d) Times interest earned(Round to 2 decimal places, e.g. 6.25.)

times

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction To Accounting An Integrated Approach

Authors: Penne Ainsworth, Dan Deines

5th Edition

0073527009, 9780073527000

More Books

Students also viewed these Accounting questions

Question

7. How can an interpreter influence the utterer (sender)?

Answered: 1 week ago