Suppose the 2022 adidas financial statements contain the following selected data (in millions). Current assets $4,260 Interest expense $170 Total assets 8,850 Income taxes 110 Current liabilities 2,670 Net income 230 Total liabilities 5,074 Cash 770 (a1) Compute the following values. (a) Working capital. $enter a dollar amount in millions millions (b) Current ratio. (Round to 2 decimal places, e. g. 6.25:1.) enter current ratio rounded to 2 decimal places :1 (c) Debt to assets ratio. (Round to 0 decimal places, e. g. 62%.) enter percentages rounded to 0 decimal places % (d) Times interest earned. (Round to 2 decimal places, e. g. 6.25.) enter times interest earned rounded to 2 decimal places times

6. why the aggregate supply curve slopes upward in the short run in the short run, the quantity of output that firms supply can deviate from the natural level of output if the actual price level in the economy deviates from the expected price level. several theories explain how this might happen. for example, the misperceptions theory asserts that changes in the price level can temporarily mislead firms about what is happening to their output prices. consider a soybean farmer who expects a price level of 100 in the coming year. if the actual price level turns out to be 90, soybean prices will , and if the farmer mistakenly assumes that the price of soybeans declined relative to other prices of goods and services, she will respond by the quantity of soybeans supplied. if other producers in this economy mistake changes in the price level for changes in their relative prices, the unexpected decrease in the price level causes the quantity of output supplied to the natural level of output in the short run.