Answered step by step
Verified Expert Solution
Question
1 Approved Answer
12: Homework Question 12 of 13 < > View Policies -/1 Current Attempt in Progress Suppose the following data were taken from the 2022
12: Homework Question 12 of 13 < > View Policies -/1 Current Attempt in Progress Suppose the following data were taken from the 2022 and 2021 financial statements of American Eagle Outfitters. (All numbers, including share data, are in thousands.) 2022 2021 Current assets Total assets Current liabilities $900,900 $961,200 1,950,900 1,797,200 429,000 356,000 Total liabilities 585,270 539,160 Net income 186,760 440,135 Net cash provided by operating activities 311,000 491,800 Capital expenditures 283,000 275,000 Dividends paid on common stock 88,000 129,700 Weighted average common shares outstanding 203,000 214,700 (a) Calculate the current ratio for each year. (Round answers to 2 decimal places, e.g. 15.25) II
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started