Suppose the 2019 adidas financial statements contain the following selected data (in millions). Current assets $4,485 Interest
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Current assets $4,485 Interest expense $169
Total assets................................8,875..................Income taxes..................113
Current liabilities.........................2,836.....................Net income..................245
Total liabilities............................5,099
Cash..........................................775
Compute the following values and provide a brief interpretation of each.
(a) Working capital.
(c) Debt to assets ratio.
(b) Current 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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Related Book For
Financial Accounting
ISBN: 978-1119305736
10th edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
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