Edit View History Bookmarks Window Help K > ezto.mheducation.com C Home | myLU Lu Homework: Financial Statement Analysis Assignment M Question 10 - Homework: Financial Statement Analysis. work: Financial Statement Analysis Assignment i Saved O At December 31 Current Year 1 Year Ago 2 Years Ago Assets Cash $ 34, 819 $ 40, 700 39, 132 Accounts receivable, net 96, 959 70,527 54, 866 of 3 Merchandise inventory 125, 640 94, 120 57, 865 Prepaid expenses 10,993 10, 474 4, 348 Plant assets, net 310, 174 282, 959 251, 289 Total assets $ 578, 585 $ 498, 780 $ 407, 500 Liabilities and Equity Accounts payable $ 146, 949 $ 82, 608 $ 53, 790 Long-term notes payable 109 , 862 114, 719 91 , 859 Common stock, $10 par value 162, 500 162, 500 162, 500 Retained earnings 159, 274 138 , 953 99 , 351 ook Total liabilities and equity $ 578, 585 $ 498, 780 $ 407, 500 int ences The company's income statements for the current year and one year ago, follow. For Year Ended December 31 Current Year 1 Year Ago Sales $ 752, 161 $ 593, 548 Cost of goods sold $ 458, 818 $ 385, 806 Other operating expenses 233, 170 150, 168 Interest expense 12, 787 13, 652 Income tax expense 9 , 778 8, 903 Total costs and expenses 714, 553 558 , 529 Net income $ 37, 608 $ 35, 019 Earnings per share $ 2.31 $ 2. 16 (1) Compute debt and equity ratio for the current year and one year ago. 17 2 OCT 24 stv 4 O DD 20 DII F8 F2 F3 F5 F6 F7 F4 S % &ezto.mheducation.com C Home | myLU Lu Homework: Financial Statement Analysis Assignment M Question 10 - Homework: Financial Statement Analy work: Financial Statement Analysis Assignment i Saved O Required information lotal costs and expenses CCC ' HIT / 67C'QCC Net income $ 37, 608 $ 35, 019 1 of 3 Earnings per share $ 2.31 $ 2.16 (1) Compute debt and equity ratio for the current year and one year ago. Debt Ratio eBook Numerator: 1 Denominator: = Debt Ratio Print = Debt ratio eferences Current Year: % 11 11 1 Year Ago: % Equity Ratio Numerator: 1 Denominator: = Equity Ratio = Equity ratio Current Year: % 1 Year Ago: % Mc Graw Hill 2 OCT 24 utv oo 4 DII DD F9 F1 F3 F4 F5 F6 F8 % 4 5 8