Key figures for Polaris and Arctic Cat follow. Required 1. Compute the debt-to-equity ratios for Polaris and
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Required
1. Compute the debt-to-equity ratios for Polaris and Arctic Cat for both the current year and the prior year.
2. Use the ratios you computed in part 1 to determine which companys financing structure is least risky. Assume an industry average of 0.64 fordebt-to-equity.
Transcribed Image Text:
Polaris Arctic Cat Current Year Prior Year Current Year Prior Year ($ thousands) Total assets.$.228,024 $1,061.647 $272.906 $246,084 78,745 167339 Total liabilities.... 727,968 l equity 500,056 690,656 370,991 89,870 183,036
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1 Polariss current year debttoequity ratio 727968 500056 146 Polariss ...View the full answer
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Related Book For
Fundamental accounting principle
ISBN: 978-0078025587
21st edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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