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PLEASE KEEP ALL ANSWERS IN TABLE FORMAT (besides the 2 worded answer ones) ! Simon Company's year-end balance sheets follow. The company's income statements for
PLEASE KEEP ALL ANSWERS IN TABLE FORMAT (besides the 2 worded answer ones) !
Simon Company's year-end balance sheets follow. The company's income statements for the current year and one year ago, follow. (1) Compute debt and equity ratio for the current year and one year ago. Compute debt-to-equity ratio for the current year and one year ago. Based on debt-to-equity ratio, does the company have more or less debt in the current year versus one year ago? Based on debt-to-equity ratio, the company has debt in the current year versus one year ago. Pequired 28 Compute times interest earned for the current year and one year ago. Based on times interest earned, is the company more or less risky for creditors in the Current Year versus 1 Year Ago? \begin{tabular}{|l|l|} \hline Based on times interest earned, the company is & less risky \\ more risky \end{tabular}
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