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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).

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 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
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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