1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
solniwko [45]
3 years ago
15

Suppose the 2020 adidas financial statements contain the following selected data (in millions). Current assets $4,575 Interest e

xpense $200 Total assets 9,000 Income taxes 178 Current liabilities 3,050 Net income 236 Total liabilities 5,670 Cash 800 Compute the following values. (a) Working capital. $ millions (b) Current ratio. (Round to 2 decimal places, e.g. 6.25:1.) :1 (c) Debt to assets ratio. (Round to 0 decimal places, e.g. 62%.) % (d) Times interest earned.
Business
1 answer:
Goryan [66]3 years ago
4 0

Answer:

a. $1,525 million

b. 1.50 times

c. 29 %

Explanation:

Working capital = Current Assets - Current Liabilities

                          = $4,575 million - $3,050 million

                          = $1,525 million

Current Ratio = Current Assets ÷ Current Liabilities

                       = $4,575 million ÷ $3,050 million

                       = 1.50 times

Debt to Asset ratio = Interest bearing  Debt / Total Assets × 100

                               = ($ 5,670 - $3,050) / $9,000 × 100

                               = 29 %

You might be interested in
What are the two primary ways that media companies collect revenues? Select one: a. Economic and monopolistic practices b. Marke
hjlf

Answer: Option C

                           

Explanation: Media houses collect their revenues from the corporations  who wants to use them as mediums for their advertising and marketing purposes. The channels of media charge to them based on their popularity.

The popular channels charge extra as more people watch their content and they have a wider reach to the potential customers of those corporations willing to advertise. Hence the correct option is C .

7 0
3 years ago
Question 6 of 10 When making an ad, avoid using:
Alexeev081 [22]

Answer:

Its A

Explanation:

Because people dont like wierd ads and sketchy things

3 0
3 years ago
Read 2 more answers
which of the following is a document whereby a bank promises to pay a payee a certain amount of money at a future time?
Anna71 [15]

A certificate of Deposit is a document whereby a bank promises to pay a payee a certain amount of money at a future time.

A record may be dependent, like tabular documents, lists, paperwork, or clinical chart, semi-dependent like an ebook or a newspaper article, or unstructured like a handwritten word. documents are sometimes classified as a mystery, personal, or public. they'll also be defined as drafts or proofs.

The purpose of a document is to facilitate the switch of records from its author to its readers. it is the author's activity to design the report so that the facts it contains can be interpreted accurately and effectively. To do that, the writer can employ a fixed of stylistic tools.

process documentation is the act of capturing or documenting all of the steps in a particular assignment. preferably, it has to happen in real-time. As employees carry out an assignment, they record every step they take.

To learn more about Document visit here:

brainly.com/question/27396650

#SPJ4

4 0
1 year ago
Setrakian Industries needs to raise $87.9 million to fund a new project. The company will sell bonds that have a coupon rate of
Goryan [66]

Answer:

47,884.79  units of bonds

Explanation:

The units to be sold to arise $87.9 million  will be equal to the

$87.9 million / divided by the bond price

The price of a bond is the present value (PV) of the future cash inflows expected from the bond discounted using the yield to maturity. These cash flows include interest payment and redemption value

The price of the bond can be calculated as follows:

Step 1

PV of interest payment

Semi-annual coupon rate = 5.92/2 =  2.96%

Interest payment =2.96%× 2,000= 59.2

Semi annual yield = 6.67%/2  = 3.335

PV of interest payment

= A ×(1- (1+r)^(-n))/r

=  59.2× (1-(1.03335)^(-2×20))/0.03335)

= 1,297.22

Step 2

PV of redemption value

PV = FV× (1+r)^(-n)

= 2,000 × (1+0.03335)^(-2× 20)

= 538.43

Step 3

Price of bond =

= 1297.22 + 538.43

= $1835.65

Step 4

Units to be used

= $87.9 million/ $1,835.65

=  47,884.79  units

4 0
4 years ago
Read 2 more answers
The journal entry to record the transfer of completed units to finished goods would be to__(debit/credit) finished goods and__(d
wariber [46]

Answer:

Debit ; credit

Explanation:

In order to record the journal entry for the transfer of completed units to finished goods is shown below:

Finished goods Dr XXXXX

      To Work in process XXXXX

(Being the transfer of completed units is recorded)

Since the transfer of units completed is go to finished goods so this account is debited and the work in process account is credited

6 0
3 years ago
Other questions:
  • Tim Company had sales of $30,000, increase in accounts payable of $5,000, decrease in accounts receivable of $1,000, increase in
    6·1 answer
  • Compared to a Direct Unsubsidized Federal Loan, a Direct Subsidized Federal Loan provides which benefits?
    9·1 answer
  • Which of the following would be considered unemployed? a. Mark, laid off from his job as a bricklayer, returned to school full-t
    8·1 answer
  • Which would you trade on a stock exchange?<br> A) shares<br> B) bonds<br> C) annuities
    12·2 answers
  • Should gambling casinos advance credit to gamblers
    10·1 answer
  • Sheffield borrowed $701000 on October 1, 2017 and is required to pay $721000 on March 1, 2018. What amount is the note payable r
    9·1 answer
  • Micro Tech, Inc. made the following cash expenditures during current-year related to the development of a new technology which w
    12·1 answer
  • Which one of the following statements is correct? A) The lessor is primarily concerned with returning the asset at the end of th
    9·1 answer
  • E14-18 Note with unrealistic interest rate; lender; amortization schedule. Amber Mining and Miling, Inc., contracted with Truax
    15·1 answer
  • I just applied for moderator<br> wish me luck
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!