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please answer i will thumbs up thanks Required information Exercise 13-9 (Algo) Analyzing risk and capital structure LO P3 (Alternate Version) [The following information applies
please answer i will thumbs up thanks
Required information Exercise 13-9 (Algo) Analyzing risk and capital structure LO P3 (Alternate Version) [The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow, Current Year 1 Year Ago 2 Years Ago At December 31 Assets Canh Accounts receivable, net Merchandise inventory Prepaid expenses plant assets, bet Total ansats Liabilities and Equity Accounts payable Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity $ 33,640 93,676 123,789 10,833 297,056 $ 558,994 $ 37,395 68,814 89, 150 10,322 276,210 $ 481,891 $ 39,362 53,000 56,459 4,417 244,354 $ 397,600 $ 137,798 106,142 162,500 152.554 $ 558,994 $ 80,625 108,618 162,500 130,148 $ 481,891 $ 52,483 85,234 162,500 97,383 $ 397,600 The company's income statements for the current year and one year ago, follow. Tor Year Ended December 31 Salen Coat of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net Income Earninge per share Current Year $ 726,692 $443,282 225,275 12,354 9,447 690, 358 $. 36,334 $ 2.24 1 Year Ago $ 573,450 $ 372,743 145, 083 13, 189 8.602 539.617 $ 33,933 $ 2.08 Exercise 13-9 (Algo) Part 1 (Alternate Version) (1) Compute debt and equity ratio for the current year and one year ago Debt Ratio Numerator Denominator Current Year: Debt Ratio Debt ratio % % Year Ago Equity Ratio Numerator Denominator - Equity Ratio - Equity ratio 56 Current Year 1 Year Ago: % Step by Step Solution
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