Compute the following values. round current ratio and, Ask an Expert

Accounting

The 2006 Fain financial statements contain the following selected data (in millions).

Current assets $6,335 Interest expense $313
Total assets 13,323 Income taxes 361
Current liabilities 3,538 Net income 801
Total liabilities 8,946
Cash 502

Compute the following values. (Round current ratio and times interest earned to 2 decimal places, e.g. 2.15 and all other answers to 0 decimal places, e.g. 2,500.)

(a) Working capital.

(b) Current ratio.

(d) Times interest earned ratio

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M978432

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