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Suppose McDonalds 2022 financial statements contain the following selected data (in millions). Current assets $3,441.0 Interest expense $478.0 Total assets 30,249.0 Income taxes 1,941.0 Current
Suppose McDonalds 2022 financial statements contain the following selected data (in millions).
Current assets | $3,441.0 | Interest expense | $478.0 | |||
Total assets | 30,249.0 | Income taxes | 1,941.0 | |||
Current liabilities | 3,023.0 | Net income | 4,556.0 | |||
Total liabilities | 16,216.0 |
(a1) Compute the following values.
a. | Working capital. (Round to 1 decimal place, e.g. 5,275.5) | $enter a dollar amount in millions | millions | ||
---|---|---|---|---|---|
b. | Current ratio. (Round to 2 decimal places, e.g. 6.25:1.) | enter current ratio rounded to 2 decimal places | :1 | ||
c. | Debt to assets ratio. (Round to 0 decimal places, e.g. 62%.) | enter percentages rounded to 0 decimal places | % | ||
d. | Times interest earned. (Round to 2 decimal places, e.g. 6.25.) | enter times interest earned rounded to 2 decimal places | times |
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