Question
Suppose McDonalds 2022 financial statements contain the following selected data (in millions). Current assets $3,351.0 Interest expense $460.0 Total assets 30,159.0 Income taxes 1,923.0 Current
Suppose McDonalds 2022 financial statements contain the following selected data (in millions).
| Current assets | $3,351.0 | Interest expense | $460.0 | |||
| Total assets | 30,159.0 | Income taxes | 1,923.0 | |||
| Current liabilities | 2,928.0 | Net income | 4,538.0 | |||
| Total liabilities | 16,126.0 |
(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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Accounting Information Systems A Practictioner Emphasis
Authors: Cynthia D. Heagy, Constance M. Lehmann
10th Edition
1891002821, 9781891002823
