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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 $924,000 $942,500 1,980,000 1,822,500 440,000 377,000 Total liabilities 594,000 546,750 Net income 172,000 389,055 Net cash provided by operating activities 312,000 486,600 Capital expenditures 283,000 277,500 Dividends paid on common stock 70,000 105,300 Weighted-average common shares outstanding 200,000 210,300 (a) Calculate the current ratio for each year. (Round answers to 2 decimal places, eg. 15.25)
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