Question
Suppose the 2017 adidas financial statements contain the following selected data (in millions). Current assets $4,340 Interest expense $170 Total assets 8,630 Income taxes 120
Suppose the 2017 adidas financial statements contain the following selected data (in millions). Current assets $4,340 Interest expense $170 Total assets 8,630 Income taxes 120 Current liabilities 2,730 Net income 270 Total liabilities 4,854 Cash 790 Compute the following values.
(a) Working capital. $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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