Edit View History Bookmarks Window Help ezto.mheducation.com C -> Home | myLU Lu Homework: Financial Statement Analysis Assignment M Question 11 - Homework: Financial Statement Analysis. M 1 Introduc nework: Financial Statement Analysis Assignment i Saved Help Save & 11 At December 31 Current Year 1 Year Ago 2 Years Ago Assets Cash $ 34, 819 $ 40, 700 $ 39, 132 Accounts receivable, net 96, 959 70,527 54, 866 125, 640 94, 120 57, 865 art 2 of 3 Merchandise inventory Prepaid expenses 10 , 993 10, 474 4, 348 Plant assets, net 310, 174 282, 959 251, 289 Total assets $ 578, 585 $ 498, 780 $ 407,500 Liabilities and Equity pints Accounts payable $ 146, 949 $ 82, 608 $ 53, 790 Long-term notes payable 109, 862 114, 719 91, 859 Common stock, $10 par value 162, 500 162, 500 162, 500 Retained earnings 159, 274 138,953 99, 351 Book Total liabilities and equity $ 578, 585 $ 498, 780 $ 407, 500 Print The company's income statements for the current year and one year ago, follow. References For Year Ended December 31 Current Year 1 Year Ago Sales $ 752, 161 $ 593, 548 Cost of goods sold $ 4585818 $ 385, 806 Other operating expenses 233, 170 150, 168 Interest expense 12, 787 13, 652 Income tax expense 9, 778 8, 903 Total costs and expenses 714, 553 558, 529 Net income $ 37, 608 $ 35, 019 Earnings per share $ 2.31 $ 2. 16 (2-a) Compute debt-to-equity ratio for the current year and one year ago. (2-b) Based on debt-to-equity ratio, does the company have more or less debt in the current year versus one year ago? Mc Grav Hill OCT 24 utv 4 O MacBook Air 80 988 DD A F1 E3 F4 F5 F6 F7 C8 F10 @ & N 3 5 6 8 9 O Q W E R T Y U O P KEdit View History Bookmarks Window Help 2 OCT 24 "tv 4 MacBook Air 20 888 DD DII DD A F1 F2 F3 F4 F5 F6 F7 F8 F9 F10 % ER O N 5 6 8 Q W E R T Y U O