Homework Answers
(a) Current ratio = Current assets / Current liabilities
For 2016:
Current assets = $875000, Current liabilities = $350000
Current ratio = $875000 / $350000 = 2.5:1
For 2017:
Current assets = $840000, Current liabilities = $400000
Current ratio = $840000 / $400000 = 2.1:1
(b) Earnings per share = Net income / Weighted average number of shares outstanding
For 2016:
Net income = $360000, Weighted average number of shares outstanding = 210000
Earnings per share = $360000 / 210000 = 1.71
For 2017:
Net income = $160000, Weighted average number of shares outstanding = 200000
Earnings per share = $160000 / 200000 = 0.8
(c) Debt to assets ratio = Total liabilities / Total assets * 100
For 2016:
Total liabilities = $500000, Total assets = $1685000
Debt to assets ratio = $500000 / 1685000 * 100 = 29.7%
For 2017:
Total liabilities = $550000, Total assets = $1870000
Debt to assets ratio = $550000 / 1870000 * 100 = 29.4%
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> Help System Announcements Practice Exercise 2 Suppose the following data were taken from the 2017...
Suppose the following data were taken from the 2022 and 2021 fınancial statements of American Eagle...
Suppose the following data were taken from the 2022 and 2021 fınancial statements of American Eagle Outfitters. (All numbers, including share data, are in thousands.) 2022 2021 $ 840,000 $875,000 Current assets Total assets 1,870,000 1,685,000 Current liabilities 350,000 400,000 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 Calculate the current ratio for each year....
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