Question
suppose McDonalds 2017 financial statements contain the following selected data (in millions). Current assets $3,350.0 Current liabilities 2,950.0 Interest expense $450.0 Net income 4,300.0 Total
suppose McDonalds 2017 financial statements contain the following selected data (in millions).
| Current assets | $3,350.0 | Current liabilities | 2,950.0 |
| Interest expense | $450.0 | Net income | 4,300.0 |
| Total assets | 29,000.0 | Total liabilities | 14,500.0 |
| Income taxes | 1,800.0 |
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.) times
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Financial Accounting
Authors: Strayer University
1st Edition
0470603526, 978-0470603529
