XX. Enter amounts in millions as provided to you in the problem statement.) in millions) Best Deal Corporation . Total assets $ 16,830 Total Stockholders' equity Operating income Interest expense Leverage ratio i Requirements $ $ S Print 3,078 1,500 94 Best Stores, Inc. S S S S 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). Done 203,125 81,394 26,820 2,020 X

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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N1.

Account 

Examine the following selected financial information for Best Deal Corporation and Best Stores, Inc., as of the end of their fiscal years ending in 2018:
(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.)
x
(In millions)
1. Total assets
2. Total Stockholders' equity
3. Operating Income
4. Interest expense
5. Leverage ratio
Requirements
2.
Best Deal Corporation
16,830
3,078
1,500
94
$
$
$
$
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.
Print
Best Stores, Inc.
S
$
S
S
Evaluate each company's long-term debt-paying ability (strong, medium,
weak).
Done
203,125
81,394
26,820
2,020
Data Table
Best Deal Corporation
$ 16,830
$
3.078
1,500
(In millions)
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
$
$
Print Done
94
Best Stores, Inc.
$ 203.125
$ 81,394
$ 26,820
$
2,020
Transcribed Image Text:Examine the following selected financial information for Best Deal Corporation and Best Stores, Inc., as of the end of their fiscal years ending in 2018: (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.) x (In millions) 1. Total assets 2. Total Stockholders' equity 3. Operating Income 4. Interest expense 5. Leverage ratio Requirements 2. Best Deal Corporation 16,830 3,078 1,500 94 $ $ $ $ 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. Print Best Stores, Inc. S $ S S Evaluate each company's long-term debt-paying ability (strong, medium, weak). Done 203,125 81,394 26,820 2,020 Data Table Best Deal Corporation $ 16,830 $ 3.078 1,500 (In millions) 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 $ $ Print Done 94 Best Stores, Inc. $ 203.125 $ 81,394 $ 26,820 $ 2,020
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