Suppose McDonald's 2022 financial statements contain the following selected data (in millions). Current assets $3,385.0 Interest expense Total assets $466.0 29,035.0 Income taxes Current liabilities 1,883.0 2,940.0 Net income 4,459.0 Total liabilities 15,533.7 (a1) Compute the following values. 24 445 millions 1. Working capital. (Enter answer in millions to 1 decimal places, e.g. 126.2.) 1.15 :1 2. Current ratio. (Round to 2 decimal places, e.g. 6.25:1.) 0.53 3. Debt to assets ratio. (Round to O decimal places, e.g. 62%.) times 4. Times interest earned. (Round to 2 decimal places, e.g. 6.25.)
Suppose McDonald's 2022 financial statements contain the following selected data (in millions). Current assets $3,385.0 Interest expense Total assets $466.0 29,035.0 Income taxes Current liabilities 1,883.0 2,940.0 Net income 4,459.0 Total liabilities 15,533.7 (a1) Compute the following values. 24 445 millions 1. Working capital. (Enter answer in millions to 1 decimal places, e.g. 126.2.) 1.15 :1 2. Current ratio. (Round to 2 decimal places, e.g. 6.25:1.) 0.53 3. Debt to assets ratio. (Round to O decimal places, e.g. 62%.) times 4. Times interest earned. (Round to 2 decimal places, e.g. 6.25.)
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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