9.

At December 31 Assets Cashi Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Current Year $ 26,029 76,934 95,791 8,382 229,668 $ 436,8041 For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share. Liabilities and Equity Accounts payable Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity For both the current year and one year ago, compute the following ratios: $ 109,852 83,762 163,500 79,690 $ 436,804 Current Year $ 346,385 176,032 9,653 7,382 1 Year Ago $ 30,124 53,245 Exercise 17-9 (Algo) Analyzing risk and capital structure LO P3 The company's income statements for the current year and one year ago, follow. 1 Year Ago $ 567,845 70,359 8,066 214,761 $ 376,555 539,452 $ 28,393 $ 1.75 $ 65,547 88,340 163,500 59,168 $ 376,555 2 Years Ago $ 291,265 113,369 10,306 6,722 $ 32,017 40,998 45,014 3,557 198,614 $ 320,200 $ 42,266 72,887 162,500 42,547 $ 320,200 $448,100 421,662 $ 26,438 $ 1.63 Compute debt and equity ratio for the current year and one year ago. Current Year: 1 Year Ago: Current Year: 1 Year Ago: Numerator:: Numerator: Debt Ratio 1 Equity Ratio 1 1 1 T Denominator: Denominator: 11 = Debt Ratio Debt ratio 11 0 % 0% =Equity Ratio. = Equity ratio 0 % 0% Compute debt-to-equity ratio for the current year and one year ago. Debt-To-Equity Ratio Current Year: 1 Year Ago: Numerator: Denominator: Required 1 Required 2A Required 28 Required 3A Required 3B Compute times interest earned for the current year and one year ago. Current Year: 1 Year Ago: Numerator: Times Interest Earned 1 J Denominator: = W M Times Interest Earned Times interest earned 0 times 0 times