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Suppose McDonalds 2020 financial statements contain the following selected data (in millions). Current assets $3,450.0 Interest expense $472.0 Total assets 29,100.0 Income taxes 1,869.0 Current
Suppose McDonalds 2020 financial statements contain the following selected data (in millions).
Current assets | $3,450.0 | Interest expense | $472.0 | |||
Total assets | 29,100.0 | Income taxes | 1,869.0 | |||
Current liabilities | 3,018.0 | Net income | 4,465.0 | |||
Total liabilities | 17,460.0 |
(a1) 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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