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Examine the following selected financial information for Best Deal Corporation and JustFor You Stores, Inc., as of the end of their fiscal years ending in
Examine the following selected financial information for Best Deal Corporation and JustFor You Stores, Inc., as of the end of their fiscal years ending in 2018: (Click the icon to view the financial information.) Read the requirements. 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.) Best Deal Corporation JustFor You Stores, Inc. [ $ (In millions) 1. Total assets ................. 2. Total Stockholders' equity ...... 3. Operating income ........ 4. Interest expense .............. 16,810 3,068 1,470 203,120 72,100 27,147 2,060 $ 90 [ 5. Leverage ratio ............... (Click the icon to view the financial information.) A Data Table - X Read the requirements. A Requirements - X . ....................... EA EA 1. (In millions) Best Deal Corporation JustFor You Stores, Inc. 1. Total assets. ........ $ 16,810 203,120 2. Total common stockholders' equity ..... 3,068 72,100 3. Operating income .......... $ 1,470 27,147 4. Interest expense....... 90 2,060 5. Leverage ratio. ............ 6. Total debt .......... 7. Debt ratio. ............. 8. Times interest earned ....... EA EA 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. Evaluate each company's long-term debt-paying ability (strong, medium, weak). 2. Print Done Callicu......... . Enter any number in the edit fields and then click Check Answer. Print Done
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