Question: Suppose the 2017 adidas financial statements contain the following selected data (in millions). Compute the following values and provide a brief interpretation of each. (a)

Suppose the 2017 adidas contain the following selected data (in millions).

Suppose the 2017 adidas financial statements contain the following selected

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?

Current assets Total assets Current liabilities Total liabilities Cash $4,485 8,875 2,836 5,099 775 Interest expense Income taxes Net income $169 113 245

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a Working capital 4485 2836 1649 b Current ratio 4485 2836 1581 c Debt to assets 5099 ... View full answer

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