Answered

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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 liabilities 2,963.0 Net income 4,544.0
Total liabilities 16,156.0

(a1)

Compute the following values.

a.
Working capital. (Round to 1 decimal place, e.g. 5,275.5)
$enter a dollar amount in millions
millions
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

Sagot :

The answer is b the rounded to 2 decimal places
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