Suppose the 2019 adidas financial statements contain the following selected data (in millions).
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.