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Examine the following selected financial information for Great Value Corporation and Simply Stores, Inc., as of the end of their fiscal years ending in 2021: (Click the icon to view the financial information.) Read the requirements. 1. Complete the table, calculating all the requested information for the two companies. Use year-end figures in place of averages where needed for the purpose of calculating ratios in this exercise. (Round your answers to two decimal places, XXX. Enter amounts in millions as provided to you in the problem statement.) Great Value Corporation 1. Total assets 2. Total Stockholders' equity 3. Operating income 4. Interest expense 5. Leverage ratio 6. Total debt. 7. Debt ratio $ $ $ $ Simply Stores, Inc. (In millions) 16,810 $ 3,068 $ 1,550 $ 90 $ Great Value Corporation (In millions) Great Value Corporation Great Value Corporation 203,125 71,580 Simply Stores, Inc. (In millions) 26,840 2,030 Simply Stores, Inc. Simply Stores, Inc. (In millions) 8. Times interest earned 2. Evaluate each company's long-term debt-paying ability (strong, medium, weak). Great Value Corporation has leverage ratio and debt ratio, and Data table 1. Total assets 2. Total common stockholders' equity 3. Operating income 4. Interest expense 5. Leverage ratio 6. Total debt 7. Debt ratio 8. Times interest earned Print Great Value Simply Stores, Corporation Inc. $ $ $ $ Done GD (In millions) 16,810 S 3,068 S 1,550 $ 90 S 203, 125 71,580 26,840 2,030 times-interest-earned, than Simply Stores. Great Value Corporation's long-term debt-paying ability is - X X Simply's. Requirements C 1. Complete the table, calculating all the requested information for the two companies. Use year-end figures in place of averages where needed for the purpose of calculating the ratios in this exercise. 2. Evaluate each company's long-term debt-paying ability (strong. medium, weak). Print Done X

Examine the following selected financial information for Great Value Corporation and Simply Stores, Inc., as of the end of their fiscal years ending in 2021: (Click the icon to view the financial information.) Read the requirements. 1. Complete the table, calculating all the requested information for the two companies. Use year-end figures in place of averages where needed for the purpose of calculating ratios in this exercise. (Round your answers to two decimal places, XXX. Enter amounts in millions as provided to you in the problem statement.) Great Value Corporation 1. Total assets 2. Total Stockholders' equity 3. Operating income 4. Interest expense 5. Leverage ratio 6. Total debt. 7. Debt ratio $ $ $ $ Simply Stores, Inc. (In millions) 16,810 $ 3,068 $ 1,550 $ 90 $ Great Value Corporation (In millions) Great Value Corporation Great Value Corporation 203,125 71,580 Simply Stores, Inc. (In millions) 26,840 2,030 Simply Stores, Inc. Simply Stores, Inc. (In millions) 8. Times interest earned 2. Evaluate each company's long-term debt-paying ability (strong, medium, weak). Great Value Corporation has leverage ratio and debt ratio, and Data table 1. Total assets 2. Total common stockholders' equity 3. Operating income 4. Interest expense 5. Leverage ratio 6. Total debt 7. Debt ratio 8. Times interest earned Print Great Value Simply Stores, Corporation Inc. $ $ $ $ Done GD (In millions) 16,810 S 3,068 S 1,550 $ 90 S 203, 125 71,580 26,840 2,030 times-interest-earned, than Simply Stores. Great Value Corporation's long-term debt-paying ability is - X X Simply's. Requirements C 1. Complete the table, calculating all the requested information for the two companies. Use year-end figures in place of averages where needed for the purpose of calculating the ratios in this exercise. 2. Evaluate each company's long-term debt-paying ability (strong. medium, weak). Print Done X

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Examine the following selected financial information for Great Value Corporation and Simply Stores, Inc., as of the end of their fiscal years ending in 2021: (Click the icon to view the financial information.) Read the requirements. 1. Complete the table, calculating all the requested information for the two companies. Use year-end figures in place of averages where needed for the purpose of calculating ratios in this exercise. (Round your answers to two decimal places, X.XX. Enter amounts in millions as provided to you in the problem statement.) Great Value Corporation 1. Total assets 2. Total Stockholders' equity 3. Operating income 4. Interest expense 5. Leverage ratio 6. Total debt 7. Debt ratio $ $ $ $ Simply Stores, Inc. (In millions) 16,810 $ 3,068 $ 1,550 $ 90 $ Great Value Corporation (In millions) Great Value Corporation Great Value Corporation Simply Stores, Inc. (In millions) 203,125 71,580 26,840 2,030 Simply Stores, Inc. (In millions) Simply Stores, Inc. 8. Times interest earned 2. Evaluate each company's long-term debt-paying ability (strong, medium, weak). Great Value Corporation has leverage ratio and debt ratio, and Data table 1. Total assets 2 Total common stockholders' equity 3. Operating income 4. Interest expense 5. Leverage ratio 6. Total debt 7. Debt ratio 8. Times interest earned Print Great Value Simply Stores, Corporation Inc. $ $ $ $ Done C (In millions) 16,810 S 3,068 S 1,550 $ 90 $ 203,125 71,580 26.840 2,030 ▼times-interest-earned, than Simply Stores. Great Value Corporation's long-term debt-paying ability is X Simply's. Requirements 1. Complete the table, calculating all the requested information for the two companies. Use year-end figures in place of averages where needed for the purpose of calculating the ratios in this exercise. 2. Evaluate each company's long-term debt-paying ability (strong. medium, weak). Print Done
Transcribed Image Text:Examine the following selected financial information for Great Value Corporation and Simply Stores, Inc., as of the end of their fiscal years ending in 2021: (Click the icon to view the financial information.) Read the requirements. 1. Complete the table, calculating all the requested information for the two companies. Use year-end figures in place of averages where needed for the purpose of calculating ratios in this exercise. (Round your answers to two decimal places, X.XX. Enter amounts in millions as provided to you in the problem statement.) Great Value Corporation 1. Total assets 2. Total Stockholders' equity 3. Operating income 4. Interest expense 5. Leverage ratio 6. Total debt 7. Debt ratio $ $ $ $ Simply Stores, Inc. (In millions) 16,810 $ 3,068 $ 1,550 $ 90 $ Great Value Corporation (In millions) Great Value Corporation Great Value Corporation Simply Stores, Inc. (In millions) 203,125 71,580 26,840 2,030 Simply Stores, Inc. (In millions) Simply Stores, Inc. 8. Times interest earned 2. Evaluate each company's long-term debt-paying ability (strong, medium, weak). Great Value Corporation has leverage ratio and debt ratio, and Data table 1. Total assets 2 Total common stockholders' equity 3. Operating income 4. Interest expense 5. Leverage ratio 6. Total debt 7. Debt ratio 8. Times interest earned Print Great Value Simply Stores, Corporation Inc. $ $ $ $ Done C (In millions) 16,810 S 3,068 S 1,550 $ 90 $ 203,125 71,580 26.840 2,030 ▼times-interest-earned, than Simply Stores. Great Value Corporation's long-term debt-paying ability is X Simply's. Requirements 1. Complete the table, calculating all the requested information for the two companies. Use year-end figures in place of averages where needed for the purpose of calculating the ratios in this exercise. 2. Evaluate each company's long-term debt-paying ability (strong. medium, weak). Print Done
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