Bramble's financial statements contain the following selected data (in millions). Current assets Total assets Current liabilities...

 

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Bramble's financial statements contain the following selected data (in millions). Current assets Total assets Current liabilities Total liabilities Interest expense Income taxes Net Income $3,800 25,700 5,800 19.900 $570 1,300 2,900 Compute the following values. (Enter amounts in millions, e.g. 525.2 million. Round current ratio and times interest earned to 2 decimal places, e.g. 6.25: 1 or 2.66 and debt to assets ratio to 0 decimal places, e.g. 25%. If answer is negative enter with either a-sign e.g.-525.5 or in parenthesis e.g. (525.5)) (1) Working capital (2) (3) Current ratio Debt to assets ratio (4) Times interest earned millions 1 % times Bramble's financial statements contain the following selected data (in millions). Current assets Total assets Current liabilities Total liabilities Interest expense Income taxes Net Income $3,800 25,700 5,800 19.900 $570 1,300 2,900 Compute the following values. (Enter amounts in millions, e.g. 525.2 million. Round current ratio and times interest earned to 2 decimal places, e.g. 6.25: 1 or 2.66 and debt to assets ratio to 0 decimal places, e.g. 25%. If answer is negative enter with either a-sign e.g.-525.5 or in parenthesis e.g. (525.5)) (1) Working capital (2) (3) Current ratio Debt to assets ratio (4) Times interest earned millions 1 % times

Answer rating: 100% (QA)

Working capital We calculate working capital using the formula Working capitalCurrent assets Current ... View the full answer