What is the debt ratio (using total liabilities)? Use the attached financial data to calculate the ratios for 2021. Round to the nearest decimal. American Eagle Outfitters (AEO) Financial Data Revenues Cost of Sales Total Operating Expenses Interest Expense Income Tax Expense Cash + Equivalents A/R Inventories Total Current Assets Total Assets A/P Total Current Liabilities Long-term debt Total Stockholders' Equity 2021 $5,011 $3,019 $1,222 $34.6 $139.3 $434.8 $286.7 $553.5 $1,397 $3,787 $231.8 $842.9 $341.0 $1,424 2020 $3,759 $2,611 $977.3 $24.6 $83.0 $850.5 $146.1 $405.4 $1,523 $3,435 $255.9 $858.5 $325.3 $1,087

What is the debt ratio (using total liabilities)? Use the attached financial data to calculate the ratios for 2021. Round to the nearest decimal. American Eagle Outfitters (AEO) Financial Data Revenues Cost of Sales Total Operating Expenses Interest Expense Income Tax Expense Cash + Equivalents A/R Inventories Total Current Assets Total Assets A/P Total Current Liabilities Long-term debt Total Stockholders' Equity 2021 $5,011 $3,019 $1,222 $34.6 $139.3 $434.8 $286.7 $553.5 $1,397 $3,787 $231.8 $842.9 $341.0 $1,424 2020 $3,759 $2,611 $977.3 $24.6 $83.0 $850.5 $146.1 $405.4 $1,523 $3,435 $255.9 $858.5 $325.3 $1,087

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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Question

Please do not give solution in image format and show all calculation thanku

What is the debt ratio (using total liabilities)? Use the attached
financial data to calculate the ratios for 2021. Round to the
nearest decimal.
American Eagle Outfitters (AEO)
Financial Data
Revenues
Cost of Sales
Total Operating Expenses
Interest Expense
Income Tax Expense
Cash + Equivalents
A/R
Inventories
Total Current Assets
Total Assets
A/P
Total Current Liabilities
Long-term debt
Total Stockholders' Equity
2021
$5,011
$3,019
$1,222
$34.6
$139.3
$434.8
$286.7
$553.5
$1,397
$3,787
$231.8
$842.9
$341.0
$1,424
2020
$3,759
$2,611
$977.3
$24.6
$83.0
$850.5
$146.1
$405.4
$1,523
$3,435
$255.9
$858.5
$325.3
$1,087

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