Suppose McDonalds 2017 financial statements contain the following selected data (in millions).

Current assets		$3,440.0		Interest expense		$488.0
Total assets		29,090.0		Income taxes		1,907.0
Current liabilities		3,032.0		Net income		4,573.0
Total liabilities		17,163.0

Compute the following values.

1.		Working capital.		$	millions
2.		Current ratio. (Round to 2 decimal places, e.g. 6.25:1.)			:1
3.		Debt to assets ratio. (Round to 0 decimal places, e.g. 62%.)			%
4.		Times interest earned. (Round to 2 decimal places, e.g. 6.25.)

Suppose the notes to McDonalds financial statements show that subsequent to 2017 the company will have future minimum lease payments under operating leases of $16,863.0 million. If these assets had been purchased with debt, assets and liabilities would rise by approximately $8,724 million. Recompute the debt to assets ratio after adjusting for this. (Round answer to 0 decimal places, e.g. 62%.)

Debt to assets ratio

Type your answer here %