Question
Suppose McDonalds 2022 financial statements contain the following selected data (in millions). Current assets $3,446.0 Interest expense $479.0 Total assets 30,254.0 Income taxes 1,942.0 Current
Suppose McDonalds 2022 financial statements contain the following selected data (in millions). Current assets $3,446.0 Interest expense $479.0 Total assets 30,254.0 Income taxes 1,942.0 Current liabilities 3,013.0 Net income 4,557.0 Total liabilities 16,221.0 (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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