Question
Suppose the 2020 adidas financial statements contain the following selected data (in millions). Current assets $5,900 Cash $920 Total assets 10,300 Interest expense 310
Suppose the 2020 adidas financial statements contain the following selected data (in millions). Current assets $5,900 Cash $920 Total assets 10,300 Interest expense 310 Current liabilities 4,300 Income taxes 260 Total liabilities 6,500 Net income 390 Compute the following values. (a) Debt to assets ratio. (Round to 0 decimal places, e.g. 62%.) (b) Times interest earned. (Round to 2 decimal places, e.g. 6.25.) times
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
13th edition
978-1-119-4110, 1119411483, 9781119411017, 978-1119411482
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