Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hasbro Mattel $960,435 $1,716,012 Current liabilities Long-term debt 1,396,421 1,100,000 Deferred liabilities 461,152 643,729 $2,818,008 $3,459,741 Total liabilities Shareholders' equity: Common stock $104,847 $441,369 Additional

image text in transcribed

Hasbro Mattel $960,435 $1,716,012 Current liabilities Long-term debt 1,396,421 1,100,000 Deferred liabilities 461,152 643,729 $2,818,008 $3,459,741 Total liabilities Shareholders' equity: Common stock $104,847 $441,369 Additional paid in capital 655,943 1,727,682 Retained earnings 3,354,545 3,515,181 Accumulated other comprehensive loss and other equity items (72,307) (464,486) Treasury stock, at cost (2,535,649) (2,152,702) $1,507,379 $3,067,044 Total stockholders' equity $4,325,387 $6,526,785 Total liabilities and stockholders' equity The income from operations and interest expense from the income statement for each company were as follows (in thousands): Hasbro Mattel Income from operations (before income tax) $453,402 $945,045 117,403 Interest expense 88,835 a. Determine the ratio of liabilities to stockholders' equity for both companies. Round to one decimal place. Hasbro Inc. 1.9 1.1 Mattel Inc. b. Determine the number of times interest charges are earned for both companies. Round to one decimal place. Hasbro Inc. 3.86 X

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Study Guide To Accompany Financial Accounting In An Economic Context

Authors: Jamie Pratt

6th Edition

0471731110, 978-0471731115

More Books

Students also viewed these Accounting questions

Question

How much is $900 after a decrease of 90%?

Answered: 1 week ago