Suppose McDonald's 2022 financial statements contain the following selected data (in millions).Current assetsTotal assetsCurrent liabilitiesTotal liabilities(a1)a.b.Compute the following values.C.$3,416.0 Interest expense30,224.0d.2,988.016,191.0Income taxesNet income$473.01,936.04,551.0Current ratio. (Round to 2 decimal places, e.g. 6.25:1.)Working capital. (Round to 1 decimal place, e.g. 5,275.5)Debt to assets ratio. (Round to 0 decimal places, e.g. 62%.)Times interest earned. (Round to 2 decimal places, e.g. 6.25.)millions:1%times

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Suppose McDonald's 2022 financial statements contain the following selected data (in millions). Current assets Total assets Current liabilities Total liabilities (a1) a. b. $3,416.0 Interest expense C. 30,224.0 Compute the following values. 2,988.0 16,191.0 Income taxes Net income $473.0 1,936.0 4,551.0 Current ratio. (Round to 2 decimal places, e.g. 6.25:1.) Working capital. (Round to 1 decimal place, e.g. 5,275.5) Debt to assets ratio. (Round to 0 decimal places, e.g. 62%.) $ millions :1 %

Suppose McDonald's 2022 financial statements contain the following selected data (in millions). Current assets Total assets Current liabilities Total liabilities (a1) a. b. $3,416.0 Interest expense C. 30,224.0 Compute the following values. 2,988.0 16,191.0 Income taxes Net income $473.0 1,936.0 4,551.0 Current ratio. (Round to 2 decimal places, e.g. 6.25:1.) Working capital. (Round to 1 decimal place, e.g. 5,275.5) Debt to assets ratio. (Round to 0 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

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 54CE

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