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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). Question 6 Print Done 5. Leverage ratio - X 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 The Deal Corporation $ $ $ $ Simple Stores, Inc. (In millions) 16,870 $ 3,080 $ 1,400 $ 87 $ 203,130 71,310 26,930 2,050 : SE

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). Question 6 Print Done 5. Leverage ratio - X 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 The Deal Corporation $ $ $ $ Simple Stores, Inc. (In millions) 16,870 $ 3,080 $ 1,400 $ 87 $ 203,130 71,310 26,930 2,050 : SE

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 Corporation and Simple 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.) 1. Total assets 2. Total Stockholders' equity 3. Operating income 4. Interest expense 5. Leverage ratio $ $ $ $ The Deal Corporation C Simple Stores, Inc. (In millions) 16,870 $ 3,080 $ 1,400 $ 87 $ 203,130 71,310 26,930 2,050
Transcribed Image Text:Examine the following selected financial information for The Deal Corporation and Simple 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.) 1. Total assets 2. Total Stockholders' equity 3. Operating income 4. Interest expense 5. Leverage ratio $ $ $ $ The Deal Corporation C Simple Stores, Inc. (In millions) 16,870 $ 3,080 $ 1,400 $ 87 $ 203,130 71,310 26,930 2,050
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). Question 6 Print Done 5. Leverage ratio - X 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 The Deal Corporation $ $ $ $ Simple Stores, Inc. (In millions) 16,870 $ 3,080 $ 1,400 $ 87 $ 203,130 71,310 26,930 2,050 : SE
Transcribed Image Text: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). Question 6 Print Done 5. Leverage ratio - X 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 The Deal Corporation $ $ $ $ Simple Stores, Inc. (In millions) 16,870 $ 3,080 $ 1,400 $ 87 $ 203,130 71,310 26,930 2,050 : SE
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