Homework Answers
| 1) | ||||||
| Debt Ratio | ||||||
| Choose Numerator | / | Choose Denominator | = | Debt Ratio | ||
| Total Liabilities | / | Total Assets | = | Debt Ratio | ||
| Current Year ($123,242 + $93,050) | $216,292 | / | $510,256 | = | 42 | % |
| 1 Year Ago ($72,852 + $103,195) | $176,047 | / | $439,876 | = | 40 | % |
| Equity Ratio | ||||||
| Choose Numerator | / | Choose Denominator | = | Equity Ratio | ||
| Total Equity | / | Total Assets | = | Equity Ratio | ||
| Current Year ($162,500 + $131,464) | $293,964 | / | $510,256 | = | 58 | % |
| 1 Year Ago ($162,500 + $101,329) | $263,829 | / | $439,876 | = | 60 | % |
| 2) | ||||||
| Debt-To-Equity Ratio | ||||||
| Choose Numerator | / | Choose Denominator | = | Debt-To-Equity Ratio | ||
| Total Liabilities | / | Total Equity | = | Debt-To-Equity Ratio | ||
| Current Year | $216,292 | / | $293,964 | = | 0.74 | to 1 |
| 1 Year Ago | $176,047 | / | $263,829 | = | 0.67 | to 1 |
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Exercise 13-9 Analyzing risk and capital structure LO P3 [The following information applies to the questions...
Exercise 13-9 Analyzing risk and capital structure LO P3 (The following information applies to the questions...
Exercise 13-9 Analyzing risk and capital structure LO P3 (The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 35,255 101,177 127,211 10,908 311,271...
Exercise 13-9 Analyzing risk and capital structure LO P3 (The following information applies to the questions...
Exercise 13-9 Analyzing risk and capital structure LO P3 (The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 29,466 84,571 105,290 8,936 256,608...
nework i Saved ! Required information Exercise 13-9 Analyzing risk and capital structure LO P3 [The...
nework i Saved ! Required information Exercise 13-9 Analyzing risk and capital structure LO P3 [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 1 Yr Ago 2 Yrs Ago Current Yr Assets Cash $ 26,696 $ 31,520 56,264 75,078 8,109 223,035 $ 31,868 42,491 46,167 3,470 197,904 Accounts receivable, net Merchandise inventory Prepaid expenses 78,155 97,282 8,858 246,056 Plant assets, net Total assets $ 394,006 $ 321,900 $457,047 Liabilities and...
Exercise 13-9 Analyzing risk and capital structure LO P3 [The following information applies to the questions...
Exercise 13-9 Analyzing risk and capital structure LO P3 [The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. Current Yr1 Yr Ago 2 Yrs Ago $ 33,081 95,879 124, 167 10,334 297,237 $560,698 $ 39,055 $ 39, 478 69,701 53,701 90,316 57,198 9,948 4,431 274,340 247,992 $ 483,360 $ 402,800 S $560,698 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable...
Exercise 13-9 Risk and capital structure analysis LO P3 The following information applies to the questions...
Exercise 13-9 Risk and capital structure analysis LO P3 The following information applies to the questions displayed below) Simon Company's year-end balance sheets follow. 2017 2016 2015 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 28,642 $ 31,838 $ 32,853 80,570 56,29145, 131 101,302 74,385...
Exercise 13-9 Risk and capital structure analysis LO P3 (The following information applies to the questions...
Exercise 13-9 Risk and capital structure analysis LO P3 (The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow 2017 2016 2015 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $31.899 $35.625 $ 37.899 89,500 62.5ee 5 0.200 112,500 82,509 54,...
requirea information Exercise 13-9 Risk and capital structure analysis LO P3 The following information applies t...
requirea information Exercise 13-9 Risk and capital structure analysis LO P3 The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. 2017 2016 2015 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 26,279 $ 30,410 $ 31,367 75,402 52,681 40,580...
Required information [The following information applies to the questions displayed below.] Simon Company’s year-end balance sheets...
Required information [The following information applies to the questions displayed below.] Simon Company’s year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets Cash $ 36,426 $ 41,743 $ 43,048 Accounts receivable, net 101,432 73,781 55,709 Merchandise inventory 132,737 94,601 59,324 Prepaid expenses 11,615 10,958 4,736 Plant assets, net 323,068 300,708 263,483 Total assets $ 605,278 $ 521,791 $ 426,300 Liabilities and Equity Accounts payable $ 153,729 $ 88,183 $ 57,960 Long-term notes payable...
Required information [The following information applies to the questions displayed below.) Simon Company's year-end balance sheets...
Required information [The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 26,752 81,533 103,517 8,615 247,036 $467,453 $ 31,593 $ 33,588 57,545 45,241...
Exercise 13-7 Analyzing liquidity LO P3 Simon Company's year-end balance sheets follow. Current Yr 1 Yr...
Exercise 13-7 Analyzing liquidity LO P3 Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 29,604 86,667 105,699 9,437 275,420 $ 506,827 $ 35,653 61,780 79,214 9,267 251,006 $ 436,920 $ 37,127...
Exercise 13-9 Analyzing risk and capital structure LO P3 (The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 35,255 101,177 127,211 10,908 311,271...
Exercise 13-9 Analyzing risk and capital structure LO P3 (The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 29,466 84,571 105,290 8,936 256,608...
nework i Saved ! Required information Exercise 13-9 Analyzing risk and capital structure LO P3 [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 1 Yr Ago 2 Yrs Ago Current Yr Assets Cash $ 26,696 $ 31,520 56,264 75,078 8,109 223,035 $ 31,868 42,491 46,167 3,470 197,904 Accounts receivable, net Merchandise inventory Prepaid expenses 78,155 97,282 8,858 246,056 Plant assets, net Total assets $ 394,006 $ 321,900 $457,047 Liabilities and...
Exercise 13-9 Analyzing risk and capital structure LO P3 [The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. Current Yr1 Yr Ago 2 Yrs Ago $ 33,081 95,879 124, 167 10,334 297,237 $560,698 $ 39,055 $ 39, 478 69,701 53,701 90,316 57,198 9,948 4,431 274,340 247,992 $ 483,360 $ 402,800 S $560,698 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable...
Exercise 13-9 Risk and capital structure analysis LO P3 The following information applies to the questions displayed below) Simon Company's year-end balance sheets follow. 2017 2016 2015 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 28,642 $ 31,838 $ 32,853 80,570 56,29145, 131 101,302 74,385...
Exercise 13-9 Risk and capital structure analysis LO P3 (The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow 2017 2016 2015 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $31.899 $35.625 $ 37.899 89,500 62.5ee 5 0.200 112,500 82,509 54,...
requirea information Exercise 13-9 Risk and capital structure analysis LO P3 The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. 2017 2016 2015 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 26,279 $ 30,410 $ 31,367 75,402 52,681 40,580...
Required information [The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 26,752 81,533 103,517 8,615 247,036 $467,453 $ 31,593 $ 33,588 57,545 45,241...
Exercise 13-7 Analyzing liquidity LO P3 Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 29,604 86,667 105,699 9,437 275,420 $ 506,827 $ 35,653 61,780 79,214 9,267 251,006 $ 436,920 $ 37,127...
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