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mestny [16]
3 years ago
5

Suppose the 2017 adidas financial statements contain the following selected data (in millions).

Business
1 answer:
Lera25 [3.4K]3 years ago
4 0

Answer:

(A) net working capital = 1,510

(B) current ratio = 1.49

(C) debt to assets = 54.6153%

Explanation:

working capital

current assets - current liabilities

4,570 - 3,060 = 1,510

current ratio

current assets / current liab

4570/3060 = 1.493464052

(c) debt to assets

total liab/ total assets

4,544/8,320 = 54.6153%

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