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There are five parts of this question that I've provided in the images. Required 1, Required 2A, Required 2B, Required 3A, Required 3B. Thank you.
There are five parts of this question that I've provided in the images. Required 1, Required 2A, Required 2B, Required 3A, Required 3B. Thank you.
Simon Company's year-end balance sheets follow. For both the current year and one year ago, compute the following ratios: The company's income statements for the current year and one year ago, follow. (1) Debt and equity ratios. (2-a) Compute debt-to-equity ratio for the current year and one year ago. (2-b) Based on debt-to-equity ratio, does the company have more or less debt in the current year versus one year ago? (3-a) Times interest earned. (3-b) Based on times interest earned, is the company more or less risky for creditors in the Current Year versus 1 Year Ago? Complete this question by entering your answers in the tabs below. Compute debt and equity ratio for the current year and one year ago. Complete this question by entering your answers in the tabs below. Compute debt-to-equity ratio for the current year and one year ago. Complete this question by entering your answers in the tabs below. Based on debt-to-equity ratio, does the company have more or less debt in the current year versus one year ago? Complete this question by entering your answers in the tabs below. Compute times interest earned for the current year and one year ago. Complete this question by entering your answers in the tabs below
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