Answered step by step
Verified Expert Solution
Link Copied!

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

$ 880,000 $965,900

Total assets

1,934,000 1,834,400

Current liabilities

400,000 371,500

Total liabilities

551,190 522,804

Net income

195,840 425,700

Net cash provided by operating activities

296,000 496,000

Capital expenditures

268,000 279,500

Dividends paid on common stock

79,000 108,600

Weighted-average common shares outstanding

204,000 215,000

(a) Calculate the current ratio for each year. (Round answers to 2 decimal places, e.g. 15.25.)

2022 2021

Current ratio

enter current ratio rounded to 2 decimal places : 1 enter current ratio rounded to 2 decimal places : 1

(b) Calculate earnings per share for each year. (Round answers to 2 decimal places, e.g. 15.25.)

2022 2021

Earnings per share

$ enter a dollar amount rounded to 2 decimal places $ enter a dollar amount rounded to 2 decimal places

(c) Calculate the debt to assets ratio for each year. (Round answers to 1 decimal place, e.g. 29.5%.)

2022

2021

Debt to assets ratio

enter percentages rounded to 1 decimal place % enter percentages rounded to 1 decimal place %

(d) Calculate the free cash flow for each year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

2022

2021

Free cash flow

$enter a dollar amount $enter a dollar amount

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Accounting

Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik

10th edition

0-07-794127-6, 978-0-07-79412, 978-0077431808

Students also viewed these Accounting questions

Question

Describe the roots of positive psychology.

Answered: 1 week ago