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E10-16 Suppose McDonald's 2017 financial statements contain the following selected data (in millions). Current assets3,416.3 Total...
E10-16 Calculate liquidity and solvency ratios; discuss impact of unrecorded obligations on liquidity and solvency. (LO...
E10-16 Calculate liquidity and solvency ratios; discuss impact of unrecorded obligations on liquidity and solvency. (LO 7), AP Suppose McDonald's 2014 financial statements contain the following selected data (in millions). Current assets $ 3,416.3 Total assets 30,224.9 Current liabilities 2,988.7 Total liabilities 16,191.0 Interest expense $ 473.2 Income taxes 1,936.0 Net income 4,551.0 Instructions 1. 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...
Suppose McDonald’s 2017 financial statements contain the following selected data (in millions). Current assets $3,38...
Suppose McDonald’s 2017 financial statements contain the following selected data (in millions). Current assets $3,380.0 Interest expense $470.0 Total assets 29,030.0 Income taxes 1,829.0 Current liabilities 2,940.0 Net income 4,437.0 Total liabilities 15,386.0 Compute the following values. 1. Working capital. $ millions 2. Current ratio. (Round to 2 decimal places, e.g. 6.25:1.) :1 3. Debt to assets ratio. (Round to 0 decimal places, e.g. 62%.) % 4. Times interest earned. (Round to 2 decimal places, e.g. 6.25.) times eTextbook and...
Suppose McDonald’s 2017 financial statements contain the following selected data (in millions). Current assets $3,385.0 Interest...
Suppose McDonald’s 2017 financial statements contain the following selected data (in millions). Current assets $3,385.0 Interest expense $466.0 Total assets 29,035.0 Income taxes 1,883.0 Current liabilities 2,940.0 Net income 4,459.0 Total liabilities 15,534.0 1. Working capital. $445 millions 2. Current ratio. (Round to 2 decimal places, e.g. 6.25:1.) 1.15 3. Debt to assets ratio. (Round to 0 decimal places, e.g. 62%.) 54 % 4. Times interest earned. (Round to 2 decimal places, e.g. 6.25.) 14.61 times Suppose the notes to...
BE10.18 (LO 5) Suppose the 2020 adidas financial statements contain the following selected data (in millions)....
BE10.18 (LO 5) Suppose the 2020 adidas financial statements contain the following selected data (in millions). $169 113 245 Current assets $4,485 Interest expense Total assets 8,875 Income taxes Current liabilities 2,836 Net income 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. *RE 10 10 nel c...
Given the financial data in the popup window for Disney (DIS) and McDonald's (MCD), compare these...
Given the financial data in the popup window for Disney (DIS)
and McDonald's (MCD), compare these two companies using the
following financial ratios: debt ratio, current ratio, total
asset turnover, financial leverage, profit margin, and return on
equity. Which company would you invest in, either as a bondholder
or as a stockholder?
The total asset turnover ratio for Disney is:
The total asset turnover ratio for McDonald's is:
The financial leverage ratio for Disney is:
The financial leverage ratio for...
Selected data from Kamal Company's financial statements is as follows: In $000's 2017 2016 Current liabilities...
Selected data from Kamal Company's financial statements is as follows: In $000's 2017 2016 Current liabilities $ 5,130 $ 5,202 Long-term debt 1,419 1,322 Stockholders' equity 12,632 11,166 Interest and principal payments 300 400 Net income 2,430 2,280 Interest expense 196 172 Income taxes 1,837 1,524 Dividends paid 750 750 Kamal Company's times interest earned ratio for 2017 Select one: A. shows an increase in the company's ability to make its interest payments. B. increased, which indicates the company's creditors...
Whispering Winds Corp.reported the following selected information at March 31. 2017 Total current assets $238,140 Total...
Whispering Winds Corp.reported the following selected information at March 31. 2017 Total current assets $238,140 Total assets 440,500 Total current liabilities 294,000 Total liabilities 378,830 Net cash provided by operating activities 63,000 Calculate the current ratio, the debt to assets ratio, and free cash flow for March 31, 2017. The company paid dividends of $13.000 and spent $25,200 on capital expenditures. (Round current ratio and debt to assets ratio to 2 decimal places, 6.2. 15.25. If answer is negative enter...
Selected data from Kamal Company's financial statements is as follows: In $000's 2017 2016 Current liabilities...
Selected data from Kamal Company's financial statements is as follows: In $000's 2017 2016 Current liabilities $ 5,130 $ 5,202 Long-term debt 1,419 1,322 Stockholders' equity 12,632 11,166 Interest and principal payments 300 400 Net income 2,430 2,280 Interest expense 196 172 Income taxes 1,837 1,524 Dividends paid 750 750 Kamal Company's debt-to-equity ratio for 2017 is Select one: A. an indicator that Kamal Company's ability to meet current interest payments to creditors is increasing. B. increasing slightly from 2016...
Jason's Inc. recent financial statements contain the following selected data (in thousands). Current assets $ 4,594,772...
Jason's Inc. recent financial statements contain the following selected data (in thousands). Current assets $ 4,594,772 Current liabilities $1,717,728 Total assets 14,936,030 Total liabilities 2,417,394 Compute the Working Capital, and the Current Ratio for Jason's Inc. Please provide the answer below.
Check 1 The 2017 financial statements for Growth Industries are presented below INCOME STATEMENT, 2017 Sales...
Check 1 The 2017 financial statements for Growth Industries are presented below INCOME STATEMENT, 2017 Sales 250,000 175,000 7.33 Costs points 75,000 15,000 $60,000 21,000 39,000 $ ЕBIT Interest expense Taxable income Taxes (at 35) Net income Dividends еВook 23,400 15,600 Addition to retained earnings Print BALANCE SHEET, YEAR-END, 2017 Liabilities Assets Current assets Current liabilities $ 15,000 $ 15,000 Cash 8,000 13,000 29,000 $ 50,000 190,000 Accounts payable Accounts receivable Inventories Total current liabilities Long-term debt Stockholders' equity Common...
BE10.18 (LO 5) Suppose the 2020 adidas financial statements contain the following selected data (in millions). $169 113 245 Current assets $4,485 Interest expense Total assets 8,875 Income taxes Current liabilities 2,836 Net income 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. *RE 10 10 nel c...
Given the financial data in the popup window for Disney (DIS)
and McDonald's (MCD), compare these two companies using the
following financial ratios: debt ratio, current ratio, total
asset turnover, financial leverage, profit margin, and return on
equity. Which company would you invest in, either as a bondholder
or as a stockholder?
The total asset turnover ratio for Disney is:
The total asset turnover ratio for McDonald's is:
The financial leverage ratio for Disney is:
The financial leverage ratio for...
Whispering Winds Corp.reported the following selected information at March 31. 2017 Total current assets $238,140 Total assets 440,500 Total current liabilities 294,000 Total liabilities 378,830 Net cash provided by operating activities 63,000 Calculate the current ratio, the debt to assets ratio, and free cash flow for March 31, 2017. The company paid dividends of $13.000 and spent $25,200 on capital expenditures. (Round current ratio and debt to assets ratio to 2 decimal places, 6.2. 15.25. If answer is negative enter...
Check 1 The 2017 financial statements for Growth Industries are presented below INCOME STATEMENT, 2017 Sales 250,000 175,000 7.33 Costs points 75,000 15,000 $60,000 21,000 39,000 $ ЕBIT Interest expense Taxable income Taxes (at 35) Net income Dividends еВook 23,400 15,600 Addition to retained earnings Print BALANCE SHEET, YEAR-END, 2017 Liabilities Assets Current assets Current liabilities $ 15,000 $ 15,000 Cash 8,000 13,000 29,000 $ 50,000 190,000 Accounts payable Accounts receivable Inventories Total current liabilities Long-term debt Stockholders' equity Common...
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