- Required Information The Following Information Applies To The Questions Displayed Below Simon Company S Year End Balan 1 (48.4 KiB) Viewed 23 times
- Required Information The Following Information Applies To The Questions Displayed Below Simon Company S Year End Balan 2 (38.69 KiB) Viewed 23 times
- Required Information The Following Information Applies To The Questions Displayed Below Simon Company S Year End Balan 3 (31.81 KiB) Viewed 23 times
Required information [The following information applies to the questions displayed below] Simon
Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable Common stock, $10 par value Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share Current Year: 1 Year Ago: Current Year: 1 Year Ago: Numerator Current Year $ $ 122,479 71,662 47,582 91,540 100,484 76,539 163,500 163,500 163,500 119,333 Retained earnings Total liabilities and equity 92,675 65,779 $ $ 496,852 428,321 353,400 For both the current year and one year ago, compute the following ratios: Total liabilibes $ 29,901 85,811 104,687 9,629 266,824 243,063 The
company's income statements for the current year and one year ago, follow. For Year Ended December 31 Sales Numerator Total equity 394,004 200,231 Current Year 10,980 8,397 5 496,852 428,321 $ 1 Year 2 Years Ago Ago 645,908 $ 35,294 59,965 80,824 9,175 613,612 $ 32,296 $ 1.99 Equity Ratio Denominator: Total assets (1) Debt and equity ratios Compute debit-to-equity ratio for the current year and one year ago (2-b) Besed 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? Denominator: D Total assets B . 36,036 46,182 331,306 128,955 11,723 7,646 Complete this
question by entering your answers in the tabs below. Required Required Required Required Required 2A 28 3A 38 Compute debt and equity ratio for the current year and one year ago. Debt Ratio 50,685 3,887 216,610 $ $ 353,400 . . 1 Year Ago 509,702 479,630 $ 38,072 $ 1.85 Debt Ratio Debt ratio Equity Ratio Equity ratio
Required Required Required Required Required 1 2A 2B 3A 3B Compute debt-to-equity ratio for the current year and one year ago. Current Year: 1 Year Ago: Debt-To-Equity Ratio Numerator: Total liabilities I Denominator: /Total equity 1 1 || || II Debt-To-Equity Ratio Debt-to-equity ratio 0 to 1 0 to 1
Required Required Required Required Required 1 2A 28 3A 3B Compute times interest earned for the current year and one year ago. Times Interest Earned 1 / Interest expense $ $ Current Year: 1 Year Ago: Numerator: Income before interest expense and income tax expense Denominator: H 10,980 = 11,723 = Times Interest Earned Times interest earned times times