Suppose the 2020 adidas financial statements contain the following selected data (in millions). Compute the following values

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Suppose the 2020 adidas financial statements contain the following selected data (in millions).

$4,485 Current assets Total assets Current liabilities Total liabilities $775 Cash Interest expense Income taxes 8,875 1

Compute the following values and provide a brief interpretation of each.
a. Debt to assets ratio.
b. 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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Accounting Principles

ISBN: 978-1119411482

13th edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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