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Examine the following selected financial information for Best Deal Corporation and Modem Stores, Inc., as of the end of their fiscal years ending in 2018:
Examine the following selected financial information for Best Deal Corporation and Modem Stores, Inc., as of the end of their fiscal years ending in 2018: (Click the icon to view the financial Information.) Read the requirements. BBB 1. Complete the table, calculating all the requested information for the two companies. Use year-end figures in place of averages where needed for the purpose of calculating ratios in this exercise. (Round your answers to two decimal places, X.XX. Enter amounts in millions as provided to you in the problem statement.) (In millions) Best Deal Corporation Modern Stores, Inc. 1. Total assets $ 16,880 $ 203, 115 2. Total Stockholders' equity $ Data table 3,082 $ $ 71,720 3. Operating income $ 1,450 $ 26,840 4. Interest expense $ 94 $ 2,030 (In millions) Best Deal Corporation Modern Stores, Inc. 5. Leverage ratio 1. Total assets $ 16,880 $ 203,115 2. Total common stockholders' equity $ 3,082 $ $ 71,720 3. Operating income $ 1,450 $ 26,840 4. Interest expense $ 94 $ 2,030 - X 5. Leverage ratio Requirements 6. Total debt 7. Debt ratio 8. Times interest earned 1. Complete the table, calculating all the requested information for the two companies. Use year-end figures in place of averages where needed for the purpose of calculating the ratios in this exercise. 2. Evaluate each company's long-term debt-paying ability (strong, medium, weak). Print Done
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