Question - Suppose the 2017 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 assets ratio.
(d) Times interest earned.