Jos. A. Bank Clothiers, Inc., operates 602 retail clothing stores in 44 states and the District of

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Jos. A. Bank Clothiers, Inc., operates 602 retail clothing stores in 44 states and the District of Columbia. The Men€™s Wearhouse, Inc., operates 1,075 men€™s clothing stores in the United States, and 1,143 in Canada. These stores do business under the names Men€™s Wearhouse , K&G Fashion Superstores , and Moores Clothing for Men . The following information was taken from these companies€™ February 2, 2013, annual reports. All dollar amounts are in thousands.

Jos. A. Bank Clothiers, Inc., operates 602 retail clothing stores

Required
a. Calculate the EBIT for each company.
b. Calculate each company€™s debt to assets ratio, current ratio, and the times interest earned ratio.
c. Calculate each company€™s return on assets ratio using EBIT instead of net earnings. Calculate each co m pany€™s return on equity ratio using net earnings.
d. Men€™s Wearhouse reported interest expense of $1,544, before taxes. What was its after-tax interest expense in dollars?

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Fundamental Financial Accounting Concepts

ISBN: 978-0078025907

9th edition

Authors: Thomas Edmonds, Christopher Edmonds

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