Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Suppose the following data were taken from the 2022 and 2021 financial statements of American Eagle Outfitters. (All numbers. including share data, are in
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 Total assets Current liabilities $925,359 $1,020,834 1,963,676 1,867,680 401,763 376,178 Total liabilities 554,645 527,216 Net income 179,061 400,019 Net cash provided by operating activities 302,193 464,270 Capital expenditures 265,335 250,407 Dividends paid on common stock 82,394 80,796 Weighted average common shares outstanding 205,169 216,119 (a) Calculate the current ratio for each year. (Round answers to 2 decimal places, e.g. 15.25.) Current ratio (b) 2022 :1 2021 :1 Calculate earnings per share for each year. (Round answers to 2 decimal places, e.g. 15.25.) 2022 Earnings per share $ 2021 $ (c) Calculate the debt to assets ratio for each year. (Round answers to 1 decimal place, eg. 29.5%) (d) Debt to assets ratio 2022 2021 % Calculate the free cash flow for each year. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45). Enter amounts in thousands.) Free cash flow $ 2022 2021
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started