Question
Exercise 2-11 Suppose the following data were taken from the 2017 and 2016 financial statements of American Eagle Outfitters . (All numbers, including share data,
Exercise 2-11
Suppose the following data were taken from the 2017 and 2016 financial statements of American Eagle Outfitters. (All numbers, including share data, are in thousands.)
2017 | 2016 | |||
Current assets | $ 865,200 | $980,000 | ||
Total assets | 1,897,200 | 1,812,000 | ||
Current liabilities | 412,000 | 350,000 | ||
Total liabilities | 562,900 | 504,700 | ||
Net income | 180,000 | 404,800 | ||
Net cash provided by operating activities | 335,000 | 486,000 | ||
Capital expenditures | 300,000 | 270,600 | ||
Dividends paid on common stock | 78,000 | 119,500 | ||
Weighted-average shares outstanding | 201,500 | 212,500 |
(a) Calculate the current ratio for each year. (Round answers to 2 decimal places, e.g. 15.25.)
2017 | 2016 | ||||||
Current ratio | : 1 | : 1 |
(b) Calculate earnings per share for each year. (Round answers to 2 decimal places, e.g. 15.25.)
2017 | 2016 | ||||||
Earnings per share | $ | $ |
(c) Calculate the debt to assets ratio for each year. (Round answers to 1 decimal place, e.g. 29.5%.)
2017 | 2016 | |||||
Debt to assets ratio | % | % |
(d) Calculate the free cash flow for each year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
2017 | 2016 | |||
Free cash flow | $ | $ |
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