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Question 4 of 11 3.33 / 10 View Policies Show Attempt History Current Attempt in Progress Suppose the following data were taken from the 2022
Question 4 of 11 3.33 / 10 View Policies Show Attempt History Current Attempt in Progress Suppose the following data were taken from the 2022 and 2021 financial statements of American Eagle Outfitters. (All numbers, including share data, are in thousands.) 2022 2021 Current assets $902,000 $1,007,100 Total assets 1,960,000 1,866,000 Current liabilities 410,000 373,000 Total liabilities 580,160 552,336 Net income 167,265 389,700 (a) > Your answer is correct. Calculate the current ratio for each year. (Round answers to 2 decimal places, e.g. 15.25.) 2022 2021 Current ratio 2.2 :1 2.7 :1 e Textbook and Media Attempts: 1 of 2 used (b) X Your answer is incorrect. Calculate the debt to assets ratio for each year. (Round answers to 1 decimal place, e.g. 29.5%.) 2022 2021 Debt to assets ratio 0.46 % 0.54 %
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