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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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Nathan wants a formula to return "YES" if the value in cell A1 is less than the value in cell B1, and to return "No" otherwise.
notsponge [240]

Answer:

IF function

Explanation:

The options to the question are missing; however, I'll assume the question related to Microsoft Office Excel.

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This is so, because the question relates to conditional statement.

The full if statement is:.

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5 0
3 years ago
On January 2, 2022, McClelland Company purchased a machine and signed a noninterest-bearing note in payment. The note matures in
tresset_1 [31]

The amount that McClelland Company should record the machine upon purchase is<u> $56,505.</u>

<h3>Recording the transaction</h3>

The proper way to record the transaction based on U.S. GAAP polices is to debit the Machine account with the price of $56,505 as this represents the market value of the machine.

The company should also credit the Notes payable account with $70,000 being the value of the note acquired. A debit will go to the Discount on Note account for $13,495 which is the difference between the note and value of machine.

Find out more on recording Notes Payable at brainly.com/question/17073934.

6 0
2 years ago
Jane's Donut Co. borrowed $198,000 on January 1, 2021, and signed a two-year note bearing interest at 11%. Interest is payable i
spayn [35]

Answer:

$21,780

Explanation:

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Therefore Jane's should report interest expense at December 31, 2021, in the amount of: $21,780

7 0
3 years ago
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