Suppose McDonald's 2019 financial statements contain the following selected data (in millions).
Current assets..................$ 3,416.3................Interest expense............$ 473.2
Total assets......................30,224.9....................Income taxes............1,936.0
Current liabilities.................2,988.7.....................Net income............4,551.0
Total liabilities...................16,191.0
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.