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 thousands.)

image text in transcribedimage text in transcribedimage text in transcribed

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 $ 924,000 $942,500 Total assets 1,980,000 1,822,500 Current liabilities 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, e.g. 15.25.) 2022 2021 Current ratio 2.1 :1 2.5 : 1 (b) Calculate earnings per share for each year. (Round answers to 2 decimal places, e.g. 15.25.) 2022 2021 Earnings per share $ 0.51 $ 1.35 (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 30 % 30 % (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). Enter amounts in thousands.) 2022 2021 Free cash flow $ 29,000 $ 209,00

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions