Question
Suppose McDonald's 2022 financial statements contain the following selected data (in millions) Suppose McDonald's 2022 financial statements contain the following selected data (in millions). Current
Suppose McDonald's 2022 financial statements contain the following selected data (in millions)
Suppose McDonald's 2022 financial statements contain the following selected data (in millions). Current assets Total assets Current liabilities Total liabilities $3,430.0 29,080.0 2,979.0 16,866.4 Interest expense Income taxes Net income $454.0 1,813.0 4,529.0 (al) Compute the following values. 1. 2. 3. 4. Working capital. (Enter answer in millions to 1 decimal places, e.g. 126.2.) Current ratio. (Round to 2 decimal places, e.g. 6.25:1.) Debt to assets ratio. (Round to O decimal places, e.g. 62%.) Times interest earned. (Round to 2 decimal places, e.g. 6.25.) millions times
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started