Suppose the 2022 adidas financial statements contain the following selected data (in millions). Current assets $6,000...

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Suppose the 2022 adidas financial statements contain the following selected data (in millions). Current assets $6,000 Cash $930 Total assets 10,400 Interest expense 320 Current liabilities 4,400 Income taxes 270 Total liabilities 6,552 Net income 400 Compute the following values. (a) Debt to assets ratio. (Round to O decimal places, e.g. 60.) (b) Times interest earned. (Round to 2 decimal places, e.g. 6.25.) % times Suppose the 2022 adidas financial statements contain the following selected data (in millions). Current assets $6,000 Cash $930 Total assets 10,400 Interest expense 320 Current liabilities 4,400 Income taxes 270 Total liabilities 6,552 Net income 400 Compute the following values. (a) Debt to assets ratio. (Round to O decimal places, e.g. 60.) (b) Times interest earned. (Round to 2 decimal places, e.g. 6.25.) % times

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Answer a To calculate the debt to assets ratio we divide total liabilities by total assets and exp... View the full answer