Homework Answers
(a). Current ratio
Current ratio = Current Assets / Current Liabilities
| Current ratio | 2022 | 2021 |
| Current ratio | $941,600 / $428,000 = 2.20 : 1 | $1,058,400 / $378,000 = 2.80 : 1 |
(b) Earnings per share
Earnings per share = Net Income / Weighted average common shares outstanding
| Earnings per share | 2022 | 2021 |
| Earnings per share | $182,455 / 200,500 = $0.91 | $408,564 / 210,600 = $1.94 |
(c) Debt to assets ratio
Debts to assets ratio = Total Liabilities / Total Assets * 100
| Debt to assets ratio | 2022 | 2021 |
| Debt to assets ratio | $579,594 / $1,998,600 * 100 = 29.0% | $560,396 / $1,932,400 * 100 = 29.0% |
(d) Free cash flow
Free cash flow = Net cash provided by operating activities - Capital expenditure - Dividends paid on common stock
| Free cash flow | 2022 | 2021 |
| Free cash flow | $312,000 - $270,000 - $82,000 = ($40,000) | $489,200 - $277,700 - $109,700 = $101,800 |
All the best...
Add Answer to:
These items are taken from the financial statements of Ivanhoe Company for 2022. Retained earnings (beginning...
Suppose the following data were taken from the 2022 and 2021 financial statements of American Eagle...
Suppose the following data were taken from the 2022 and 2021 financial statements of American Eagle Outfitters. (All numbers, including share data, are in thousands.) 2022 Current assets Total assets Current liabilities Total liabilities Net income Net cash provided by operating activities Capital expenditures Dividends paid on common stock Weighted average common shares outstanding $ 880,000 1,934,000 400,000 551,190 195,840 296,000 268,000 79.000 204,000 2021 $965,900 1,834,400 371,500 522,804 425,700 496,000 279,500 108,600 215.000 (a) Calculate the current ratio for...
Suppose the following data were taken from the 2022 and 2021 financial statements of American Eagle...
Suppose the following data were taken from the 2022 and 2021 financial statements of American Eagle Outfitters. (All numbers, including share data, are in thousands.) 2022 2021 Current assets $ 930,600 $1,057,000 Total assets 1,962,600 1,894,500 Current liabilities 423,000 377,500 Total liabilities 569,154 549,405 Net income 197,760 415,296 Net cash provided by operating activities 303,000 494,400 Capital expenditures 264,000 276,200 Dividends paid on common stock 85,000 101,100 Weighted average common shares outstanding 206,000 216,300 (a) Calculate the current ratio for...
Suppose the following data were taken from the 2022 and 2021 financial statements of American Eagle...
Suppose the following data were taken from the 2022 and 2021 financial statements of American Eagle Outfitters. (All numbers, including share data, are in thousands.) 2022 2021 Current assets $ 917,700 $910,000 Total assets 1,976,700 1,782,000 Current liabilities 437,000 350,000 Total liabilities 573,243 516,780 Net income 187,460 401,450 288,000 491,500 Net cash provided by operating activities Capital expenditures 264,000 281,500 Dividends paid on common stock 84,000 117,700 Weighted average common shares outstanding 206,000 217,000 (a) Calculate the current ratio for...
Suppose the following data were taken from the 2022 and 2021 financial statements of American Eagle...
Suppose the following data were taken from the 2022 and 2021 financial statements of American Eagle Outfitters. (All numbers, including share data, are in thousands.) 2022 2021 Current assets $ 925,359 $1,020,834 Total assets 1,963,676 1,867,680 Current liabilities 401,763 376,178 Total liabilities 554,645 527,216 Net income 179,061 400,019 Net cash provided by operating activities 302,193 464,270 Capital expenditures 265,335 250,407 Dividends paid on common stock 82,394 80,796 Weighted-average common shares outstanding 205,169 216,119 (a) Calculate the current ratio for each...
Current Attempt in Progress Suppose the following data were taken from the 2022 and 2021 financial...
Current Attempt in Progress Suppose the following data were taken from the 2022 and 2021 financial statements of American Eagle Outfitters. (All numbers, including share data, are in thousands.) Current assets Total assets Current liabilities Total liabilities Net income Net cash provided by operating activities Capital expenditures Dividends paid on common stock Weighted-average common shares outstanding 2022 $ 852,600 1,890,600 406,000 557,727 187,220 318,000 292,000 73,000 203,500 2021 $890,000 1,704,000 356,000 502,680 398,120 471,800 264,900 101,800 215,200 (a) Calculate the...
Exercise 2-12 a-d Suppose the following data were taken from the 2022 and 2021 financial statements...
Exercise 2-12 a-d Suppose the following data were taken from the 2022 and 2021 financial statements of American Eagle Outfitters. (All numbers, including share data, are in thousands.) 2022 2021 $924,000 $875,000 Current assets 1,969,000 1,707,500 Total assets Current liabilities 440,000 350,000 Total liabilities 594,638 515,665 202,860 402,745 Net income 313,000 487,200 Net cash provided by operating activities Capital expenditures 279,000 274,800 77,000 107,800 Dividends paid on common stock 207,000 217,700 Weighted-average common shares outstanding (a) Calculate the current ratio...
Suppose the following data were taken from the 2022 and 2021 financial statements of American Eagle...
Suppose the following data were taken from the 2022 and 2021 financial statements of American Eagle Outfitters. (All numbers, including share data, are in thousands.) 2022 2021 $ 903,000 $958,100 Current assets Total assets 1,936,000 1,820,600 368,500 Current liabilities 430,000 Total liabilities 600,160 564,386 Net income 178,020 422,670 470,700 307,000 Net cash provided by operating activities 257,000 Capital expenditures 290,000 Dividends paid on common stock 77,000 74,300 207,000 219,000 Weighted-average common shares outstanding Calculate earnings per share for each year....
Suppose the following data were taken from the 2022 and 2021 financial statements of American Eagle...
Suppose the following data were taken from the 2022 and 2021 financial statements of American Eagle Outfitters. (All numbers, including share data, are in thousands.) 2022 2021 $ 917,700 $910,000 Current assets Total assets 1,976,700 1,782,000 437,000 350,000 Current liabilities Total liabilities 573,243 516,780 Net income 187,460 401,450 288,000 Net cash provided by operating activities 491,500 Capital expenditures 264,000 281,500 117,700 Dividends paid on common stock 84,000 Weighted-average common shares outstanding 206,000 217,000 (a) Calculate the current ratio for each...
Suppose the following data were taken from the 2022 and 2021 financial statements of American Eagle...
Suppose the following data were taken from the 2022 and 2021 financial statements of American Eagle Outfitters. (All numbers, including share data, are in thousands.) 2022 2021 Current assets $ 865,200 $980,000 Total assets 1,897,200 1,812,000 Current liabilities 412,000 350,000 Total liabilities 531,216 507,360 Net income 189,410 414,375 Net cash provided by operating activities 335,000 486,000 Capital expenditures 300,000 270,600 Dividends paid on common stock 78,000 119,500 Weighted-average common shares outstanding 201,500 212,500 (a) Calculate the current ratio for each...
Suppose the following data were taken from the 2022 and 2021 financial statements of American Eagle...
Suppose the following data were taken from the 2022 and 2021 financial statements of American Eagle Outfitters. (All numbers, including share data, are in thousands.) 2022 2021 Current assets $ 963,700 $931,250 Total assets 2,017,700 1,750,250 Current liabilities 419,000 372,500 Total liabilities 564,956 490,070 Net income 190,820 420,792 Net cash provided by operating activities 299,000 487,300 Capital expenditures 255,000 279,200 Dividends paid on common stock 88,000 120,200 Weighted-average common shares outstanding 203,000 213,600 (a) Calculate the current ratio for each...
Suppose the following data were taken from the 2022 and 2021 financial statements of American Eagle Outfitters. (All numbers, including share data, are in thousands.) 2022 Current assets Total assets Current liabilities Total liabilities Net income Net cash provided by operating activities Capital expenditures Dividends paid on common stock Weighted average common shares outstanding $ 880,000 1,934,000 400,000 551,190 195,840 296,000 268,000 79.000 204,000 2021 $965,900 1,834,400 371,500 522,804 425,700 496,000 279,500 108,600 215.000 (a) Calculate the current ratio for...
Suppose the following data were taken from the 2022 and 2021 financial statements of American Eagle Outfitters. (All numbers, including share data, are in thousands.) 2022 2021 Current assets $ 930,600 $1,057,000 Total assets 1,962,600 1,894,500 Current liabilities 423,000 377,500 Total liabilities 569,154 549,405 Net income 197,760 415,296 Net cash provided by operating activities 303,000 494,400 Capital expenditures 264,000 276,200 Dividends paid on common stock 85,000 101,100 Weighted average common shares outstanding 206,000 216,300 (a) Calculate the current ratio for...
Suppose the following data were taken from the 2022 and 2021 financial statements of American Eagle Outfitters. (All numbers, including share data, are in thousands.) 2022 2021 Current assets $ 917,700 $910,000 Total assets 1,976,700 1,782,000 Current liabilities 437,000 350,000 Total liabilities 573,243 516,780 Net income 187,460 401,450 288,000 491,500 Net cash provided by operating activities Capital expenditures 264,000 281,500 Dividends paid on common stock 84,000 117,700 Weighted average common shares outstanding 206,000 217,000 (a) Calculate the current ratio for...
Current Attempt in Progress Suppose the following data were taken from the 2022 and 2021 financial statements of American Eagle Outfitters. (All numbers, including share data, are in thousands.) Current assets Total assets Current liabilities Total liabilities Net income Net cash provided by operating activities Capital expenditures Dividends paid on common stock Weighted-average common shares outstanding 2022 $ 852,600 1,890,600 406,000 557,727 187,220 318,000 292,000 73,000 203,500 2021 $890,000 1,704,000 356,000 502,680 398,120 471,800 264,900 101,800 215,200 (a) Calculate the...
Exercise 2-12 a-d Suppose the following data were taken from the 2022 and 2021 financial statements of American Eagle Outfitters. (All numbers, including share data, are in thousands.) 2022 2021 $924,000 $875,000 Current assets 1,969,000 1,707,500 Total assets Current liabilities 440,000 350,000 Total liabilities 594,638 515,665 202,860 402,745 Net income 313,000 487,200 Net cash provided by operating activities Capital expenditures 279,000 274,800 77,000 107,800 Dividends paid on common stock 207,000 217,700 Weighted-average common shares outstanding (a) Calculate the current ratio...
Suppose the following data were taken from the 2022 and 2021 financial statements of American Eagle Outfitters. (All numbers, including share data, are in thousands.) 2022 2021 $ 903,000 $958,100 Current assets Total assets 1,936,000 1,820,600 368,500 Current liabilities 430,000 Total liabilities 600,160 564,386 Net income 178,020 422,670 470,700 307,000 Net cash provided by operating activities 257,000 Capital expenditures 290,000 Dividends paid on common stock 77,000 74,300 207,000 219,000 Weighted-average common shares outstanding Calculate earnings per share for each year....
Suppose the following data were taken from the 2022 and 2021 financial statements of American Eagle Outfitters. (All numbers, including share data, are in thousands.) 2022 2021 $ 917,700 $910,000 Current assets Total assets 1,976,700 1,782,000 437,000 350,000 Current liabilities Total liabilities 573,243 516,780 Net income 187,460 401,450 288,000 Net cash provided by operating activities 491,500 Capital expenditures 264,000 281,500 117,700 Dividends paid on common stock 84,000 Weighted-average common shares outstanding 206,000 217,000 (a) Calculate the current ratio for each...
Most questions answered within 3 hours.
-
Discuss the Coefficient of Restitution in an elastic collision
compared to the Coefficient of Restitution in...
asked 1 minute ago -
Pretend that you are
the audit manager on an annual financial statement audit engagement
for a...
asked 10 minutes ago -
A certain lens focuses light from an object 1.65 m away as an
image 41.8 cm...
asked 10 minutes ago -
Which metal has a resistivity that is within the range or
closest to 4.2X10^-6 to 4.7X10^-6...
asked 15 minutes ago -
5.) Suppose a researcher collected data on the mean height of
tomato plants grown in organic...
asked 28 minutes ago -
(b) A medical statistician wants to estimate the average weight
loss of people who are on...
asked 33 minutes ago -
In scala,
Can you explain what is the difference between them, and why the
first one...
asked 33 minutes ago -
True (T) or False (F) Questions
In a queuing system, if the system’s utilization is 100%,...
asked 42 minutes ago -
What is the total energy transported per hour along a narrow
cylindrical laser beam 1.60 mm...
asked 51 minutes ago -
Key Assessment PAT 6: Sayles Chapter 14 Application Exercise
2
Beginning January 1, Community Hospital had...
asked 56 minutes ago -
Let's assume the following data represents the time from when a
patient is discharged from North...
asked 1 hour ago -
A destination marketing campaign creates an adventurous, the
only-one-of- its-kind type of theme with the destination...
asked 1 hour ago