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
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter9: Long-term Liabilities
Section: Chapter Questions
Problem 89E: Ratio Analysis Rising Stars Academy provided the following information on its 2019 balance sheet and...
Related questions
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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F72792cf8-bcb0-46b3-969b-72e33305f3dd%2Fb2a65ec2-033a-4f67-b3a6-8c6757933cd3%2Ffejx04e_processed.png&w=3840&q=75)
Transcribed Image Text: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
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
![Cornerstones of Financial Accounting](https://www.bartleby.com/isbn_cover_images/9781337690881/9781337690881_smallCoverImage.gif)
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
![Intermediate Financial Management (MindTap Course…](https://www.bartleby.com/isbn_cover_images/9781337395083/9781337395083_smallCoverImage.gif)
Intermediate Financial Management (MindTap Course…
Finance
ISBN:
9781337395083
Author:
Eugene F. Brigham, Phillip R. Daves
Publisher:
Cengage Learning
![Intermediate Accounting: Reporting And Analysis](https://www.bartleby.com/isbn_cover_images/9781337788281/9781337788281_smallCoverImage.jpg)
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
![Cornerstones of Financial Accounting](https://www.bartleby.com/isbn_cover_images/9781337690881/9781337690881_smallCoverImage.gif)
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
![Intermediate Financial Management (MindTap Course…](https://www.bartleby.com/isbn_cover_images/9781337395083/9781337395083_smallCoverImage.gif)
Intermediate Financial Management (MindTap Course…
Finance
ISBN:
9781337395083
Author:
Eugene F. Brigham, Phillip R. Daves
Publisher:
Cengage Learning
![Intermediate Accounting: Reporting And Analysis](https://www.bartleby.com/isbn_cover_images/9781337788281/9781337788281_smallCoverImage.jpg)
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
![Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781337912020/9781337912020_smallCoverImage.jpg)
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub