Current assets Total assets Current liabilities Total liabilities Cash $4,272 Interest expense 8,800 Income taxes 2,670 5,104 770 Net income (a1) Compute the following values. (a) Working capital. (Enter answer in millions.) $170 110 230 (b) Current ratio. (Round to 2 decimal places, e.g. 6.25:1.) (c) Debt to assets ratio. (Round to O decimal places, e.g. 62%.) millions :1

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter9: Long-term Liabilities
Section: Chapter Questions
Problem 89E: Ratio Analysis Rising Stars Academy provided the following information on its 2019 balance sheet and...
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Suppose the 2025 adidas ancial Statements contain the following selected Gald (1)
Current assets
Total assets
Current liabilities
Total liabilities
Cash
$4,272
8,800
2,670
5,104
770
Interest expense
Income taxes
Net income
(a1) Compute the following values.
(a) Working capital. (Enter answer in millions.)
$170
110
230
(b) Current ratio. (Round to 2 decimal places, e.g. 6.25:1.)
(c) Debt to assets ratio. (Round to O decimal places, e.g. 62%.)
(d) Times interest earned. (Round to 2 decimal places, eg. 6.25.)
millions
:1
%
times
Transcribed Image Text:Suppose the 2025 adidas ancial Statements contain the following selected Gald (1) Current assets Total assets Current liabilities Total liabilities Cash $4,272 8,800 2,670 5,104 770 Interest expense Income taxes Net income (a1) Compute the following values. (a) Working capital. (Enter answer in millions.) $170 110 230 (b) Current ratio. (Round to 2 decimal places, e.g. 6.25:1.) (c) Debt to assets ratio. (Round to O decimal places, e.g. 62%.) (d) Times interest earned. (Round to 2 decimal places, eg. 6.25.) millions :1 % times
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