The 2009 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.
(b) Current ratio.
(c) Debt to total assets ratio.
(d) Times interest earned ratio.