Suppose McDonald's 2025 financial statements contain the following selected data (in millions). Current assets $3,299.6 Interest expense $460.0 Total assets 30,160.0 Income taxes 1,925.0 Current liabilities 2,920.0 Net income 4,561.0 Total liabilities 16,286.4 (a1) Compute the following values. a. Working capital. (Round to 1 decimal place in millions, e.g. 5,275.5.) $ b. Current ratio. (Round to 2 decimal places, e.g. 6.25:1.) C. d. Debt to assets ratio. (Round to O decimal places, e.g. 62%.) Times interest earned. (Round to 2 decimal places, e.g. 6.25.) millions :1 % times

Suppose McDonald's 2025 financial statements contain the following selected data (in millions). Current assets $3,299.6 Interest expense $460.0 Total assets 30,160.0 Income taxes 1,925.0 Current liabilities 2,920.0 Net income 4,561.0 Total liabilities 16,286.4 (a1) Compute the following values. a. Working capital. (Round to 1 decimal place in millions, e.g. 5,275.5.) $ b. Current ratio. (Round to 2 decimal places, e.g. 6.25:1.) C. d. Debt to assets ratio. (Round to O decimal places, e.g. 62%.) Times interest earned. (Round to 2 decimal places, e.g. 6.25.) millions :1 % times

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter24: Analysis Of Financial Statements

Section: Chapter Questions

Problem 1SEB

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