Suppose the 2022 adidas financial statements contain the following selected data (in millions).

Current assets		$4,700		Interest expense		$160
Total assets		8,770		Income taxes		100
Current liabilities		3,080		Net income		260
Total liabilities		4,994
Cash		790

(a1) Compute the following values.

(a)	Working capital.		$enter a dollar amount in millions	millions
(b)	Current ratio. (Round to 2 decimal places, e.g. 6.25:1.)		enter current ratio rounded to 2 decimal places	:1
(c)	Debt to assets ratio. (Round to 0 decimal places, e.g. 62%.)		enter percentages rounded to 0 decimal places	%
(d)	Times interest earned. (Round to 2 decimal places, e.g. 6.25.)		enter times interest earned rounded to 2 decimal places	times

Answer rating: 100% (QA)

a Current Assets 4700 Less Current Liabilities 3080 Working Capital 1... View the full answer