Solution-Working capital and current ratio

Working capital and current ratio

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Reference no: EM13532008

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.

(d) Times interest earned ratio.

Reference no: EM13532008

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Working capital and current ratio

Reference no: EM13532008

Reference no: EM13532008

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