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Item 2018 2019 Accounts Payable 120.0 150.0 Accounts Receivable 150.0 180.0 Accumulated Depreciation 330.0 360.0 Cash & Cash Equivalents 10.0 12.0 Common Stock 150.0 200.0

Item

2018

2019

Accounts Payable

120.0

150.0

Accounts Receivable

150.0

180.0

Accumulated Depreciation

330.0

360.0

Cash & Cash Equivalents

10.0

12.0

Common Stock

150.0

200.0

Cost of Goods Sold

750.0

850.0

Depreciation

25.0

30.0

Interest Expense

30.0

33.0

Inventory

200.0

180.0

Long-term Debt

150.0

150.0

Gross Plant & Equipment

650.0

780.0

Retained Earnings

208.5

225.0

Sales

1,500.0

1,700.0

SG&A Expenses

500.0

570.0

Notes Payable

51.5

67.0

Tax Rate

21%

21%

How much did Thompson Company spend in acquiring fixed assets in 2019?

How much dividend did Thompson Company pay out during 2019?

Using the end of year numbers, did the long-term solvency ratios improve or deteriorate from 2018 to 2019? Answer this question using at least two long-term solvency ratios.

Using the end of year numbers, did the asset management efficiency improve or deteriorate from 2018 to 2019? Answer this question using at least two asset management financial ratios.

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