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-uppose the Outfitters. (All numbers, including share data, are in thousands.) Current assets Total assets Current liabilities Total liabilities Net income Dividends paid on common stock Weighted-average common shares outstanding (a) 2025 $867,300 1,906,300 413,000 571,890 206,040 79,000 204,000 2024 $994,950 1,854,950 368,500 556,485 440,955 125,200 215,100 Calculate the current ratio for each year. (Round answers to 2 decimal places, e.g. 15.25:1.)

-uppose the Outfitters. (All numbers, including share data, are in thousands.) Current assets Total assets Current liabilities Total liabilities Net income Dividends paid on common stock Weighted-average common shares outstanding (a) 2025 $867,300 1,906,300 413,000 571,890 206,040 79,000 204,000 2024 $994,950 1,854,950 368,500 556,485 440,955 125,200 215,100 Calculate the current ratio for each year. (Round answers to 2 decimal places, e.g. 15.25:1.)

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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Suppose the following data were taken from the 2025 and 2024 financial statements of American Eagle Outfitters. (All numbers, including share data, are in thousands.) Current assets Total assets Current liabilities Total liabilities Net income Dividends paid on common stock Weighted-average common shares outstanding (a) Current ratio (b) Earnings per share $ (c) 2025 Debt to assets ratio 2025 2025 :1 $867,300 2025 1,906,300 413.000 571,890 206,040 79,000 Calculate the current ratio for each year. (Round answers to 2 decimal places, e.g. 15.25:1.) 204,000 2024 $994,950 1,854,950 $ % 368,500 556,485 Calculate earnings per share for each year. (Round answers to 2 decimal places, e.g. 15.25.) 440,955 125,200 215,100 2024 Calculate the debt to assets ratio for each year. (Round answers to 1 decimal place, e.g. 29.5%.) 2024 :1 2024 %
Transcribed Image Text:Suppose the following data were taken from the 2025 and 2024 financial statements of American Eagle Outfitters. (All numbers, including share data, are in thousands.) Current assets Total assets Current liabilities Total liabilities Net income Dividends paid on common stock Weighted-average common shares outstanding (a) Current ratio (b) Earnings per share $ (c) 2025 Debt to assets ratio 2025 2025 :1 $867,300 2025 1,906,300 413.000 571,890 206,040 79,000 Calculate the current ratio for each year. (Round answers to 2 decimal places, e.g. 15.25:1.) 204,000 2024 $994,950 1,854,950 $ % 368,500 556,485 Calculate earnings per share for each year. (Round answers to 2 decimal places, e.g. 15.25.) 440,955 125,200 215,100 2024 Calculate the debt to assets ratio for each year. (Round answers to 1 decimal place, e.g. 29.5%.) 2024 :1 2024 %
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