Suppose the 2017 adidas financial statements contain the following selected data (in millions).
current assets $4,570
interest expense $160
total assets 8,320
income taxes 120
current liabilities 3,060
net income 260
total liabilities 4,544
cash 750
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.

(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%

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

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