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Suppose the 2022 adidas financial statements contain the following selected data (in millions). Current assets Total assets Current liabilities. Total liabilities Cash $4,510 9,060 Working capital. 2,200 4,983 770 Compute the following values. Interest expense Income taxes Net income $170 145 229 Current ratio. (Round to 2 decimal places, e.g. 6.25:1.) 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 the 2022 adidas financial statements contain the following selected data (in millions). Current assets Total assets Current liabilities. Total liabilities Cash $4,510 9,060 Working capital. 2,200 4,983 770 Compute the following values. Interest expense Income taxes Net income $170 145 229 Current ratio. (Round to 2 decimal places, e.g. 6.25:1.) 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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Suppose the 2022 adidas financial statements contain the following selected data (in millions). Current assets Total assets Current liabilities Total liabilities Cash $4,510 9,060 Working capital. 2,200 4,983 770 Compute the following values. Interest expense Income taxes Net income $170 145 229 Current ratio. (Round to 2 decimal places, e.g. 6.25:1.) 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
Transcribed Image Text:Suppose the 2022 adidas financial statements contain the following selected data (in millions). Current assets Total assets Current liabilities Total liabilities Cash $4,510 9,060 Working capital. 2,200 4,983 770 Compute the following values. Interest expense Income taxes Net income $170 145 229 Current ratio. (Round to 2 decimal places, e.g. 6.25:1.) 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
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