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View Policies Show Attempt History Current Attempt in Progress Suppose McDonald's 2017 financial statements contain the following selected data (in millions). Current assets Total assets Current liabilities Total liabilities $3,360.0 Interest expense 29,010.0 Income taxes 2,940.0 Net income 14.795.0 $489.0 1.915.0 4,364.0 Your answer is partially correct. Compute the following values. 1. Working capital millions 2. Current ratio. (Round to 2 decimal places, es, 6.25:1.) 3. Debt to assets ratio. (Round to decimal places, es, 62%) 4. Times interest earned. (Round to 2 decimal places, es, 6.25.) 37260 times e Textbook and Media X Your answer is incorrect. Suppose the notes to McDonald's financial statements show that subsequent to 2017 the company will have future minimum lease payments under operating leases of $16,363.0 million. If these assets had been purchased with debt, assets and liabilities would rise by approximately $8,250 million Recompute the debt to assets ratio after adjusting for this. (Round answer to decimal places, es 62%) Debt to assets ratio e Textbook and Media Attempts: 4 of 5 used Save for Later Submit Answer Show Attempt History Current Attempt in Progress During the month of March, Wildhorse Co's employees earned wages of $71,000. Withholdings related to these wages were $5,432 for Social Security (FICA). $8,320 for federal income tax $3,439 for state income tax, and $444 for union dues. The company incurred no cost related to these earnings for federal unemployment tax but incurred $777 for state unemployment tax - Your answer is partially correct Prepare the necessary March 31 journal entry to record salaries and wages expense and salaries and wages payable. Assume that wages earned during March will be paid during April (Credit account titles are automatically Indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit Mar. 31 Salaries and Wages Expense 71,000 FICA Taxes Payable 5,432 Federal Income Taxes Payable 8.320 State Income Taxes Payable 3439 Union Dues Payable Salaries and Wages Payable e Textbook and Media List of Accounts - Your answer is partially correct. Prepare the entry to record the company's payroll tax expense. Credit account titles are automatically indented when amount is entered Do not indent manually) Debit Credit Date Account Titles and Explanation Mar. 31 Payroll Tax Expense 777 FICA Taxes Payable State Unemployment Taxes Payable e Textbook and Media List of Accounts Attempts: 3 of 5 used