Suppose McDonald’s 2022 financial statements contain the following selected data (in millions). Current assets $3,381.0 Interest expense $466.0 Total assets 30,189.0 Income taxes 1,929.0 Current...


SupposeMcDonald’s 2022 financial statements contain the following selected data (in millions).












































Current assets$3,381.0Interest expense$466.0
Total assets30,189.0Income taxes1,929.0
Current liabilities2,963.0Net income4,544.0
Total liabilities16,156.0





(a1)



Compute the following values.










































a.




Working capital.
(Round to 1 decimal place, e.g. 5,275.5)


$enter a dollar amount in millionsmillions


b.




Current ratio.
(Round to 2 decimal places, e.g. 6.25:1.)


enter current ratio rounded to 2 decimal places:1


c.




Debt to assets ratio.
(Round to 0 decimal places, e.g. 62%.)


enter percentages rounded to 0 decimal places%


d.




Times interest earned.
(Round to 2 decimal places, e.g. 6.25.)


enter times interest earned rounded to 2 decimal places times



Jun 10, 2022
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