Question 7 (Ch 10) McDonald's financial statements contained the...

Question

Question 7 (Ch 10) McDonald's financial statements contained the following selected data (in millions). Current assets. $3,881.9 Total assets 29,391.7 Current liabilities 4,498.5 Total liabilities. 13,611.9 Interest expense $410.1 Income taxes 1,237.1 Net income. 2,395.1 Instructions (a)Compute the following values and provide a brief interpretation of each. (1)Working capital.(3)Debt to assets ratio. (2)Current ratio.(4)Times interest earned. (b)The notes to McDonald's financial statements show that subsequent to this year the company will have future minimum lease payments under operating leases of $10,513.8 million. If these assets had been purchased with debt, assets and liabilities would rise by approximately $9,400 million. Recompute the debt to assets ratio after adjusting for this. Discuss your result.

Answer 1

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