Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Find the Solvecy Ratios (debt to equity ratio and times interest ratio) for 2022 and 2023 using this balance sheet. Please show the formula (instructions
Find the Solvecy Ratios (debt to equity ratio and times interest ratio) for 2022 and 2023 using this balance sheet. Please show the formula (instructions down below)
Column E --> Using the financial data provided in the different tabs, calculate the six missing financial ratios for fiscal year 2022 . The financial ratios should be calculated using a formula and not keyed in. Input should look like this: "= K120/D370" Input should NOT look like this: 0.49 Column F --> Develop an estimate for the six missing financial ratios for fiscal year 2023. These inputs do not need to be formulas. A B C D E F KOHL'S CORPORATION CONSOLIDATED BALANCE SHEETS Period End: Jan 28, 2023 Date Filed: Mar 16, 2023 KOHL'S CORPORATION CONSOLIDATED BALANCE SHEETS (Dollars in Millions) Assets Current assets: Cash and cash equivalents Merchandise inventories Other Total current assets Property and equipment, net Operating leases Other assets Total assets Liabilities and Shareholders 'Equity Current liabilities: Accounts payable Accrued liabilities Borrowings under revolving credit facility Current portion of: Long-term debt Finance leases and financing obligations Operating leases Total current liabilities Long-term debt Finance leases and financing obligations Operating leases Deferred income taxes Other long-term liabilities Total liabilities Shareholders' equity: Common stock - 378,377,377, and 375 million shares issued, respectively Paid-in capital Treasury stock, at cost, 267, 246, 219, and 219 million shares, respectively Retained earnings Total shareholders' equity Total liabilities and shareholders' equity 2022 2021 \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline$ & 153 & $ & 1,587 & $ & 2,271 & $ & 723 \\ \hline & 3,189 & & 3,067 & & 2,590 & & 3,537 \\ \hline & 394 & & 369 & & 974 & & 389 \\ \hline & 3,736 & & 5,023 & & 5,835 & & 4,649 \\ \hline & 7,926 & & 7,304 & & 6,689 & & 7,352 \\ \hline & 2,304 & & 2,248 & & 2,398 & & 2,391 \\ \hline & 379 & & 479 & & 415 & & 163 \\ \hline$ & 14,345 & $ & 15,054 & $ & 15,337 & $ & 14,555 \\ \hline \end{tabular} Column E --> Using the financial data provided in the different tabs, calculate the six missing financial ratios for fiscal year 2022 . The financial ratios should be calculated using a formula and not keyed in. Input should look like this: "= K120/D370" Input should NOT look like this: 0.49 Column F --> Develop an estimate for the six missing financial ratios for fiscal year 2023. These inputs do not need to be formulas. A B C D E F KOHL'S CORPORATION CONSOLIDATED BALANCE SHEETS Period End: Jan 28, 2023 Date Filed: Mar 16, 2023 KOHL'S CORPORATION CONSOLIDATED BALANCE SHEETS (Dollars in Millions) Assets Current assets: Cash and cash equivalents Merchandise inventories Other Total current assets Property and equipment, net Operating leases Other assets Total assets Liabilities and Shareholders 'Equity Current liabilities: Accounts payable Accrued liabilities Borrowings under revolving credit facility Current portion of: Long-term debt Finance leases and financing obligations Operating leases Total current liabilities Long-term debt Finance leases and financing obligations Operating leases Deferred income taxes Other long-term liabilities Total liabilities Shareholders' equity: Common stock - 378,377,377, and 375 million shares issued, respectively Paid-in capital Treasury stock, at cost, 267, 246, 219, and 219 million shares, respectively Retained earnings Total shareholders' equity Total liabilities and shareholders' equity 2022 2021 \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline$ & 153 & $ & 1,587 & $ & 2,271 & $ & 723 \\ \hline & 3,189 & & 3,067 & & 2,590 & & 3,537 \\ \hline & 394 & & 369 & & 974 & & 389 \\ \hline & 3,736 & & 5,023 & & 5,835 & & 4,649 \\ \hline & 7,926 & & 7,304 & & 6,689 & & 7,352 \\ \hline & 2,304 & & 2,248 & & 2,398 & & 2,391 \\ \hline & 379 & & 479 & & 415 & & 163 \\ \hline$ & 14,345 & $ & 15,054 & $ & 15,337 & $ & 14,555 \\ \hline \end{tabular}Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started