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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 $840,000 $875,000 1,870,000 1,685,000 400,000 350,000 Total liabilities 551,650 497,075 Net income 160,000 361,200 Net cash provided by operating activities 280,000 450,000 Capital expenditures 250,000 250,000 Dividends paid on common stock 70,000 90,000 Weighted-average common shares outstanding 200,000 210,000 (a) Calculate the current ratio for each year. (Round answers to 2 decimal places, e.g. 15.25.)
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