Suppose McDonalds 2022 financial statements contain the following selected data (in millions). Instructions Compute the following values

Question:

Suppose McDonald’s 2022 financial statements contain the following selected data (in millions).
Current assets Total assets Current liabilities Total liabilities $ 3,416.3 30,224.9 2,988.7 Interest expense Income tax

Instructions

Compute the following values and provide a brief interpretation of each.

a. Working capital.

b. Current ratio.

c. Debt to assets ratio.

d. Times interest earned.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...

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a Working capital 34163 29887 4276 in millions b Current rat...View the full answer

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Related Book For answer-question

Financial Accounting Tools for Business Decision Making

ISBN: 978-1119493631

9th edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Jul 11, 2019 06:55 AM

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Suppose McDonalds 2022 financial statements contain the following selected data (in millions). Instructions Compute the following values

Question:

Current assets Total assets Current liabilities Total liabilities $ 3,416.3 30,224.9 2,988.7 Interest expense Income taxes Net income $ 473.2 1,936.0 4,551.0 16,191.0

Step by Step Answer:

a Working capital 34163 29887 4276 in millions b Current rat...View the full answer

Financial Accounting Tools for Business Decision Making

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