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Score Exercise 1 7 . 6 Simon Company's year - end balance sheets follow. ( 1 ) Express the balance sheets in common - size
Score Exercise Simon Company's yearend balance sheets follow. Express the balance sheets in commonsize percents. Round percents to one decimal. Assuming annual sales have not changed in the last three years, is the change in accounts receivable as a percentage of total assets favorable or unfavorable? Is the change in merchandise inventory as a percentage of total assets favorable or unfavorable? Question Question unfororable Q vestion Unfororable Refer to the Simon Company information in Exercises and For both the current year and one year ago, compute the following ratios: debt ratio and equity ratiopercent rounded to one decimal, debttoequity ratiorounded to two decimals; based on debttoequity ratio, does the company have more or less debt in the current year versus one year ago? and times interest earnedrounded to one decimal. Based on times interest earned, is the company more or less risky for creditors in the current year versus one year ago? Current Year AGO Debt Ratio EQuity Ratio Debt to EQvity Ratio times Interest Earned Does tite Company have mare ar less bebt based on the Debi to EQuity Ratio In the current Year than it Did one year AGO? Based on times Interest Earned, Is the company more or Less Risky to creditars in the current yeur thean it luas one year ago?
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Exercise
Simon Company's yearend balance sheets follow. Express the balance sheets in commonsize percents. Round percents to one decimal. Assuming annual sales have not changed in the last three years, is the change in accounts receivable as a percentage of total assets favorable or unfavorable? Is the change in merchandise inventory as a percentage of total assets favorable or unfavorable?
Question
Question unfororable
Q vestion Unfororable
Refer to the Simon Company information in Exercises and For both the current year and one
year ago, compute the following ratios: debt ratio and equity ratiopercent rounded to one decimal,
debttoequity ratiorounded to two decimals; based on debttoequity ratio, does the company
have more or less debt in the current year versus one year ago? and times interest earnedrounded
to one decimal. Based on times interest earned, is the company more or less risky for creditors in the
current year versus one year ago?
Current
Year AGO
Debt Ratio
EQuity Ratio
Debt to EQvity Ratio
times Interest Earned
Does tite Company have mare ar less bebt based on the
Debi to EQuity Ratio In the current Year than it Did
one year AGO?
Based on times Interest Earned, Is the company more or
Less Risky to creditars in the current yeur thean it luas
one year ago?
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