Examine the following selected financial information for The Deal in Town Corporation and JustFor Yo Stores, Inc., as of the end of their fiscal years ending in 2018: E (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. (Rounc your answers to two decimal places, X.XX. Enter amounts in millions as provided to you in the problem statement.) The Deal in Town Corporation (In millions) JustFor You Stores, Inc. 1. Total assets.. 16,880 $ 203,135 .... 2. Total Stockholders' equity 3,072 $ 71,580 3. Operating income 1,580 26,740 .... 4. Interest expense 2$ 88 2,024 5. Leverage ratio 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).
Examine the following selected financial information for The Deal in Town Corporation and JustFor Yo Stores, Inc., as of the end of their fiscal years ending in 2018: E (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. (Rounc your answers to two decimal places, X.XX. Enter amounts in millions as provided to you in the problem statement.) The Deal in Town Corporation (In millions) JustFor You Stores, Inc. 1. Total assets.. 16,880 $ 203,135 .... 2. Total Stockholders' equity 3,072 $ 71,580 3. Operating income 1,580 26,740 .... 4. Interest expense 2$ 88 2,024 5. Leverage ratio 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).
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Examine the following selected financial information for The Deal in Town Corporation and JustFor You
Stores, Inc., as of the end of their fiscal years ending in 2018:
E (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.)
The Deal in Town
(In millions)
Corporation
JustFor You Stores, Inc.
1. Total assets.
$
16,880
2$
203,135
2. Total Stockholders' equity
3,072
2$
71,580
....
3. Operating income
1,580
26,740
4. Interest expense
88
2,024
5. Leverage ratio
i 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).
%24
%24
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