Hasbro, Inc. and Mattel, Inc. are the two largest toy companies in North America. Condensed liabilities and
Question:
Hasbro, Inc. and Mattel, Inc. are the two largest toy companies in North America. Condensed liabilities and stockholders' equity from a recent balance sheet are shown for each company as follows (in thousands):
The income from operations and interest expense from the income statement for each company were as follows (in thousands): Hasbro Mattel Income from operations (before income tax).........$603,915......$463,915 Interest expense..............................................97,122.........85,270 a. Determine the ratio of liabilities to stockholders' equity for both companies. Round to one decimal place. b. Determine the times interest earned ratio for both companies. Round to one decimal place. c. Interpret the ratio differences between the two companies.
Balance Sheet Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Hasbro Mattel Liabilities: Current liabilities Long-term debt Other liabilities 1,064,647 1,645,572 1,547,115 1,800,000 404,883 473,863 3,016,645 $3,919,435 Total liabilities Stockholders' equity Common stock Additional paid in capital Retained earnings Accumulated other comprehensiveloss and other equity items Treasury stock, at cost $104,847 441,369 1,789,870 3,852,321 3,745,815 (848,899) (3,040,895) 2,494,901) 1,663,902 2,633,254 $4680547 $6522,689 893,630 (146,001) Total stockholders' equity Total liabilities and stockholders'equity
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