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Simon Company's year - end balance sheets follow. For both the current year and one year ago, compute the following ratios: The company's income statements
Simon Company's yearend balance sheets follow.
For both the current year and one year ago, compute the following ratios:
The company's income statements for the current year and one year ago, follow.
Debt and equity ratios.
a Compute debttoequity ratio for the current year and one year ago.
b Based on debttoequity ratio, does the company have more or less debt in the current year versus one year ago?
a Times interest earned.
b Based on times interest earned, is the company more or less risky for creditors in the Current Year versus Year Ago?
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Compute debt and equity ratio for the current year and one year ago.
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