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help pls with all required parts. appreciated Simon Company's year-end balance sheets follow. Current Year 1 Year Ago 2 Years Ago At December 31 Assets
help pls with all required parts. appreciated
Simon Company's year-end balance sheets follow. Current Year 1 Year Ago 2 Years Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity $ 35, 683 101,330 128, 717 11,259 333,913 $ 610,902 $ 41,710 75,941 94,506 10,949 303,534 $ 526,640 $ 44,764 58,516 62,319 4,925 272,776 $ 443,300 $ 153,636 114,850 162,500 179,916 $ 610,902 $ 91,672 122, 338 163,500 149, 130 $ 526,640 $ 56,760 96,010 162,500 128,030 $ 443,300 For both the current year and one year ago, compute the following ratios: Exercise 17-9 (Algo) Analyzing risk and capital structure LO P3 The company's income statements for the current year and one year ago, follow. For Year Ended December 31 Current Year 1 Year ago Sales $ 794,173 $ 626,702 Cost of goods sold $ 484,446 $ 407,356 Other operating expenses 246,194 158,556 Interest expense 13, 501 14,414 Income tax expense 10,324 Total costs and expenses 754,465 589, 727 Net income $ 39, 708 S 36,975 Earnings per share $ 2.44 $ 2.28 15 (1) Debt and equity ratios. (2-a) Compute debt-to-equity ratio for the current year and one year ago (2.b) Based on debt-to-equity ratio, does the company have more or less debt in the current year versus one year ago? (3-0) Times interest earned. (3-b) Based on times interest earned, is the company more or less risky for creditors in the Current Year versus 1 Year Ago? ed Complete this question by entering your answers in the tabs below. it Required 1 Required 2A Required 28 Required 3A Required 38 Compute debt and equity ratio for the current year and one year agc. Required 38 Debt Ratio Numerator: Denominator: Debt Ratio Current Year: Debt ratio % % 1 Year Ago: Equity Ratio Numerator: Denominator: 1 = Equity Ratio Equity ratio % Current Year: 1 Year Ago: % Required information (1) Debt and equity ratios. (2-a) Compute debt-to-equity ratio for the current year and one year ago (2-b) Based on debt-to-equity ratio, does the company have more or less debt in the current year versus one year ago? (3-a) Times interest earned. (3-b) Based on times interest earned, is the company more or less risky for creditors in the Current Year versus 1 Year Ago Complete this question by entering your answers in the tabs below. Required 1 Required 2A Required 2B Required 3A Required 38 Compute debt-to-equity ratio for the current year and one year ago Debt To Equity Ratio Denominator Numerator Current Year: 1 Year Ago: Debt-To-Equity Ratio Debt-to-equity ratio to 1 to 1 (2-a) Compute debt-to-equity ratio for the current year and one year ago (2-b) Based on debt-to-equity ratio, does the company have more or less debt in the current year versus one year ago? (3-a) Times Interest earned (3-b) Based on times interest earned, is the company more or less risky for creditors in the Current Year versus 1 Year Ago? pped Complete this question by entering your answers in the tabs below. BOOK Paint Required 1 Required 2A Required 2B Required 3A Required 38 Based on times interest camned, is the company more or less risky for creditors in the Current Year versus 1 Year Ago? Based on times interest earned, the company is for creditors in the current year versus one year ago Step by Step Solution
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