Question
Suppose McDonald's 2022 financial statements contain the following selected data (in millions). Current assets$3,411.0Interest expense$472.0Total assets30,219.0Income taxes1,935.0Current liabilities2,993.0Net income4,550.0Total liabilities16,186.0 (a1) Compute the following values.
SupposeMcDonald's2022 financial statements contain the following selected data (in millions).
Current assets$3,411.0Interest expense$472.0Total assets30,219.0Income taxes1,935.0Current liabilities2,993.0Net income4,550.0Total liabilities16,186.0
(a1)
Compute the following values.
a. Working capital.(Round to 1 decimal place, e.g. 5,275.5)$
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
% dTimes interest earned.(Round to 2 decimal places, e.g. 6.25.)enter times interest earned rounded to 2 decimal places
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